(Sorry if this is off-topic

)
I just bought a '91 325i that has been used and had the stereo replaced, and possibly more, I don't know.
On the dash there is a red LED to the right of a little black circle with a dot in the middle.
All I can think of is it used to be part of some remote that was left behind when the stereo was replaced.
Any ideas?
Thanks,
George