I think I’ve got it. It’s a peg that jams the cage in the position for the large chainring so you can set the height correctly above it without having to attach the cable or hold it in position with your hand.
Yes, that's pretty much it - just to hold two bits apart.
Essentially useless.
Next question, what can folks think to do with it that is more useful?
Some shimano front mechs also have a thin bit of clear tape with red markings on to serve as a guide to how to mount them in relation to the chainwheel teeth.
That's not that vital either.
For instructions on mounting a front mech i would recommend, as aways, the park tools blue book.
Have got a few of those mechs. Decent if not as tough as some. Cost me £6 to £7 or so i think.