This spacer helps reinforce the edges of the panel for mounting hinges or providing extra room for an internal spool holder.
Recommend using knurled heat-set inserts with this spacer. I have been using this Brass Threaded Inserts Assortment Kit.
If you choose the M3 nut version instead of the heat-set insert version, the model was designed around nuts from a kit like this one: M3 Screws Assortment. The nuts from the manufacturer in the link fit tightly and don't fall out. Yet they can be pushed out by threading a screw partially and pushing out firmly.
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The author marked this model as their own original creation.