(Picture was taken from under the car on the passenger side, sorry about the quality, but I tried to mark major components for reference.)

Obviously this fitting connects to a coolant hose, but we have no leftover hoses and we have no idea where the other end of the hose connects to. We have have every other coolant hose hooked up, including the radiator hoses and heater hoses.
So basically I'm wondering, what is this coolant fitting for, and where does its corresponding hose connect to? Also, is this coolant fitting essential to the car running properly? Or is it just one of those hoses that does something trivial like run coolant through the intake manifold to warm it or something? If the fitting is non-essential, can it be plugged? If so, what would be the best way to plug it?
Any help would be appreciated. This is the first 240 I've worked on, and it doesn't help that I'm trying to reassemble things someone else took apart.
