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What is it?

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Looking around the house and cleaning up, I found this and have no clue what it does or is.

Looks to be heavy duty made in the USA:D Has a polished steel ball at the end of the threads.

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Comments

Say's TORQTOOLS INT'L INC 3/4" TORQIN KENOSHA, WI 05084

Solid, the opposite end from the threads is flat and solid the threads dead end into the ball aprox halfway into the pc.
 
Maybe for driving studs or all thread without damaging the threads or the ends?
Edit: Easier to remove as well...
 
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