So does this have some legitimate use on the web (such as product activation on the Ubisoft website) or is this an ActiveX component intended to be used locally

So does this have some legitimate use on the web (such as product activation on the Ubisoft website) or is this an ActiveX component intended to be used locally that could have been marked as "safe for scripting" by mistake? Edit: Other comments suggest there's a NPAPI plugin as well so it's definitely intended for use on the web. Also in what sense is this a rootkit? Is this purposely hidden from the list of IE addons or something?