Question for Apollo DB36 250 Owners...What is this part?

[Ski_rush]

I'm about ready to start building the new bike tomorrow. It's out of the crate and on the lift. Front wheel is on.

I went through all of the parts. I came across this part (see pics below) and I can't quite figure out where it goes. I'm sure it's something simple that I should have known, and I might have figured it out as I started actually assembling.

At the risk of looking like an idiot, I thought it would just be much easier to ask here and get the right answer. I was thinking it was a suspension bushing, but can't quite figure it out.

Here it is: