This designs purpose is to holder the insert from a Bosch Professional 32 pcs Screwdriver bit set on the Ikea Skadis peg board
I selected this bit set as it was nice and compact with a nice insert which could easily be removed.
Link to bit set used: https://www.amazon.co.uk/dp/B00IM7BIY0?psc=1&ref=ppx_yo2ov_dt_b_product_details
The author marked this model as their own original creation.