Mitsubishi crank angle sensor.
Edit to add:
Which is a part of a Mitsubishi Opti-Sensor/distributor, I'm seeing it related to Chevrolet vehicles, and knowing your toys I'm gonna guess for your 'Vette?
Bingo! Not a crank angle sensor, but the devilish camshaft driven opti-spark distributor used on 90’s Lt-1 V8’s. The one in the picture is off my 95 Impala SS which shared the Lt-1 engine with the last C4 Corvettes from 93-96. Thankfully Chevrolet dropped that system with the LS series of engines.
The original Mitsubishi sensor is considered the best hence I kept mine. The issue with the design was moisture, coolant and or sometimes oil getting inside and then you have big trouble. Another design flaw was you have to remove the leak prone water pump to get to the distributor to service or replace it. In 217,000 miles I’ve replaced the water pump 3 times and the distributor twice.