I would guess that it provides a safety net for the unfortunate moment when you brick the Firmware on the Manage Engine.
My first thought is, if you didn't find it on the Intel Support site, look on the support site for your laptop. It may be something from Toshiba.
Second thought is, read the EULA and see what it says about the vendor and cross reference that.
If it is being downloaded by a system health monitor on your device though, as part of the OEM bloat ware, you can probably consider that "convenience software".