To change the tool view, right-click an individual tool in the Explorer and use the View options.
View > Down Axis — Select to change the view to one down the tool axis.
View > From Side — Select to change the view to one with the tool vertical.
View > Set Rotation Anchor— Select to change the rotation anchor to the tool's tip position. So, when using the middle mouse button to rotate the model the centre of rotation is located at the tip position of the tool. The default rotation anchor is the centre of the view.
To change to a different rotation anchor, select an option from the View tab > Cursor panel > Rotation Anchor menu.