If you have a look at :ref: documentation in its official web site about inline markups:
:ref:
To support cross-referencing to arbitrary locations in any document,
the standard reST labels are used. For this to work label names must
be unique throughout the entire documentation …
I think (as @Kevin Horn) it’s no possible right now, because it’s only used to create links (without rst formatting) with other sections in your project. Then if you write something like this:
.. _somestuff:
``this is code``, this is not!
==============================
.. _another_somestuff:
this is another code!
========================
If I link with these sections:
Have a look at :ref:`somestuff`
Have a look at :ref:`another_somestuff`
Have a look at :ref:`this link <somestuff>`
The result is:
Have a look at this is code, this is not!
Have a look at this is another code!
Have a look at this link
The style is the same in all of them .
Note: the italic/bold words symbolize links