Hi, can you please help me identify this router bit?
It came in a set of bits and there's no further explanation. I am seeing this for the first time and have absolutely no idea how and what for could I use it. (Though I am an ultimate routing rookie).

The tip looks like a V shape and there is one straight side blade, though it looks like they're not connected.

The LLM's very confident assertion that it's a plug-cutter drill bit is obviously wrong, but scrolling down the image search a bit reveals the truth (allegory for how "AI" is useful but no panacea?). It's a Panel Pilot bit. If something like laminate or OSB is overlaid on top of an opening like for a window or sink, you plunge it through the cutout area and use the unsharpened part like a crude follower bearing. I would be very careful using it on any material more than 1/4-1/2" (~ 6-13mm) .

It also looks like yours is way shittier than the one in the link, LOL, but that could be a trick of the camera angle.

Cheers. Okay, now I even understand that little pictogram near it... So not very much use for me.

Eh, no wonder it looks shittier, I guess the whole set cost about the same as the one you mentioned... 🤭😅

What you've got there is a panel pilot bit.

Imagine you're building a vanity. You make the countertop out of plywood, cut a rectangular hole for the sink, and then put laminate over it. Now your sheet of laminate is covering up the sink hole, you need to cut it out. In the home shop, it might occur to you to get out a drill, punch a 5/8 or 3/4" hole, then you can stick your ball bearing flush trim bit through that hole and then cut out the laminate as a template routing operation.

Now imagine you work in a cabinet shop and you've got 50 vanities to make today. You don't have time to keep switching between your drill and your router, so you use this bit. It's a flush trim bit, the smooth area near the tip is a template guide, and the point is so that it can plunge itself into the work without a separate drilling operation.

Where'd you get the set?

Lidl. It's Parkside.

Hmm, doesn't seem to be a brand sold in my hemisphere; Search keeps wanting to correct me to Bosch?

That's a vegetable peeler.

Cheers, that makes sense.