I found this tool in a toolkit which I had lying around.
I am not sure what this is as I didn't purchase this kit.
The kit, in addition, had a ratchet screwdriver, bits and some tweezers and a precision pickup claw tool.
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To elaborate a bit on the first (and correct) answer, back in the good old days (late 70s through the 80s), it was very common for even those who did not build their own computers to need to add or replace chips, particularly DRAM in early PCs. There were plenty of common, inexpensive, toolkits that included some combination of:
The IC inserter was typically for 14-16 pin DIPs, which matched common RAM chips of that era. A larger inserter would be needed for CPUs (typically 40-pin DIPs), but the typical technician would add or replace far more RAM chips than CPU chips. For the occasional larger chip a small flat screwdriver and a bit of care was all that was needed.