Looks like the same material as a fire brick is made of. Maybe something to do with an old coke oven? To me it appears to have been subject to some high heat. Knowing a location and what else is found around where you found it may help at solving what it is? Does that whole go all the way through from one end to the other?
That is part of an iron furnace. Its a plug used to contain the liquid metal while melting. Then the plug is pulled and its drained into a crucible for pouring. We have a metal foundry here at the school I work at, so I'm like 90 percent sure
Started thinking about it, and the other 10 percent of me thinks a ceramic kiln plug. Either way it was used in the process of getting stuff really hot