On Creating Empty Parent from 'Default Parent' Object causes ArgumentException is thrown in console. Refer attached video and stack trace.

Steps to Repro:
1. Create a new Project
2. Hierarchy > 3d object > Cube
3. Right-click the Cube and "Set as Default Parent"
4. Cube > Right-Click > Create Empty Parent

Actual Result:
ArgumentException is thrown on applying recursive parenting for objects.

Expected Result:
An error-explaining warning message should be throw if recursive parenting for objects is not supported.

Reproducible with: 2021.2.0a11, 2021.2.0a1, 2021.1.1f1, 2021.1.0a1, 2020.3.0f1, 2020.2.7f1, 2020.2.0a5

Couldn't test with: 2019.4.22f1, 2020.1.17f1, 2020.2.0a4 (No "Create Empty Parent" feature)

Environment:
Windows 10 and macOS 10.15

Stack Trace:
ArgumentException: Gameobject is not a root in a scene
UnityEditor.Undo.MoveGameObjectToScene (UnityEngine.GameObject go, UnityEngine.SceneManagement.Scene scene, System.String name) (at <fcd8871c3b3c490e9ae01fd142b44aa5>:0)
UnityEditor.GOCreationCommands.CreateEmptyParent () (at /Users/bokken/buildslave/unity/build/Editor/Mono/Commands/GOCreationCommands.cs:151)
UnityEditor.GenericMenu.CatchMenu (System.Object userData, System.String[] options, System.Int32 selected) (at /Users/bokken/buildslave/unity/build/Editor/Mono/GUI/GenericMenu.cs:126)