My bet it is used as the clock pulse, MB0 is the default for this and enabled in the CPU properties in the hardware profile.
Each bit from M0.0 through to M0.7 will switch at a different frequency.
Bit of the Clock
Memory Byte 7 6 5 4 3 2 1 0
Period Duration (s) 2.0 1.6 1.0 0.8 0.5 0.4 0.2 0.1
Frequency (Hz) 0.5 0.625 1 1.25 2 2.5 5 10