It is for the Front Tow Hook.
https://www.amazon.ca/Genuine-Toyota-51961-30020-Hook-Front/dp/B00GKHKI2W
Here’s someone post a link for front tow hook.
https://www.amazon.ca/Genuine-Toyota-51961-30020-Hook-Front/dp/B00GKHKI2W
Does your 2020 not have the little hidden area to put a tow hook in?
My 2019 XLE didn't come with one but I bought a tow hook that I can screw in when needed. The hook access is hidden in the grill