I had the same problem today. The disk was of the exFAT type. I tried various options, but nothing helped. Formatted it to NTFS format and the error changed to:

Building with plugins requires symlink support. Please enable Developer Mode in your system settings. Run start ms-settings:developers to open settings.

After that, in Windows, I went to Settings->Update & Security->For Developers and turned on Developer Mode. After that, everything worked.

P.S. For those who encounter this. Try to enable developer mode before formatting and write back whether it helped or not. It will be useful for those who face the same problem in the future.