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A cotter pin is an essential fastening tool widely used in various industries including automotive, aerospace, construction and machining to hold together moving parts or mechanisms temporarily while allowing for easy removal when required. In this case, the 1/8 inch diameter x 1/2 inch long extended prong cotter pin specifically serves its purpose as a retaining ring for small bearings or springs. Its sharp pointed ends provide extra hold, ensuring parts stay firmly in place, and its versatile size allows it to be used across many applications from light automotive repairs to precision engineering work.