I mean, it's Snap-On, so not really obscure, but that particular model has been discontinued and you can't buy them anymore, so it's a little bit obscure in that regard.
Anyway, it's a 3/8" drive driver handle with the socket cap in the head so it can be used as an extension. Those things are all over the place in 1/4" drive from every brand on the planet, but back in 1994 or so when I bought my F50CSA there weren't a lot of 3/8" drive ones around. Especially not the ones that could serve as an extension. There are more now, but they still aren't anywhere near as ubiquitous as the 1/4" drive ones.
Long story short, that tool is probably my favorite tool that I've ever bought. It's actually the only Snap-On item I own, as I consider their stuff too expensive to buy for the most part. Most of my hand tool collection is older (USA made era) Craftsman, with a smattering of other stuff. Lately I've started buying GearWrench, Icon, and Tekton stuff.