That’s a Heavy-Duty Pipe Cutter
Looks like a Ridgid style cutter based on the red body and shape.
What it's used for:
It’s used to cut pipes cleanly and square without damaging them.
Main uses:
1. Plumbing - Cut copper, PVC, PPR, steel, and iron pipes for water lines
2. HVAC / Refrigeration - Cut copper tubing for AC, gas lines, refrigerant lines
3. Industrial / Mechanical - Cut black iron, stainless steel, and conduit pipes
4. Construction - When you need a clean, burr-free cut instead of using a hacksaw or grinder