Capacitor unable to launch AndroidStudio installed via JetBrains toolbox

I have Android Studio (v3.5.3) installed via the JetBrains toolbox on my system. However, when I try to run the command ionic capacitor run android it fails at the end with the following messages:

> capacitor.cmd open android
ERROR: The system was unable to find the specified registry key or value.
[info] Opening Android project at D:\projects\ionic-angular\android
[error] Unable to launch Android Studio. Make sure the latest version of Android Studio is installed

I’m not sure which registry key it is looking for to be able to fix this. Is this a key related to the install location for Android Studio? If so, what is the Key/Value combination needed to allow this command to work correctly?

node v12.13.1
npm v6.12.1
ionic v5.4.12
capacitor v1.4.0
Android Studio v3.5.3
Android Sdks [ All APIs Level > 23 ]
JDK v8 & v13


May be it is installed in some location that the CL is not aware of and that is why it is not able to find it. Have you tried installing it manually?