It almost looks like a hanger of some sort. Kinda like a muffler hanger.
Can you post se more pics? If its a sway bar link you should get that replaced and be careful on tight turns
"You didn't buy it to look at it!"
2000 TJ Solar yellow, 3.73, 178k, limited slip D44
2012 GMC sierra crew cab--Daily Driver
2008 jk X 6spd Red Rock---Sold and missed