Is it possible to quickly replace a repeating element across a document with a component instance?

I’m just wondering if this feature exists.

I’m working on a document where I’ve created a certain layout which repeats over multiple frames in the document.

I’ve realised in hindsight that I should have created this as a component, rather than an layout with components inside.

If I turn this layout into a master component, is there a way to quickly replace all the other layouts in my document with instances of this component? Or is the only way to copy and paste the instance manually into each location its used in my document?