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It's a test port plug-in. I forget for what, but it is not used and apparently never really was. The plug wire goes into the rear of the engine, just below the TPS sensor. You can pull and toss or just ignore it.
As Ed said, this is an unused system,
its for a secondary crank position sensor used at the dealer.
I usually remove the sensor,
then JB weld a quarter over the hole.