This is an adapter to mount two spools on the Creality stock spool holder. This part replaces the twist lock collar, and will allow mounting of a second spool on the other side.
Print it with the bayonet facing up, with some supports (preferably tree style) under the tabs. I printed this with 3 walls, (1 mm line thickness) and that seems overkill.
The author marked this model as their own original creation.