I found this under a large oak not far from an old church The block part is extremely metallic. Not sure what its made of but my detector sure loved it!
The chain is built into it. Extremely odd that only certain sides have the holes in them. The first thing I thought was a weight to keep a small dog under control. lol
I used to be a mechanic and this looks EXACTLY like something I have used. I'm not sure of the size of your find but if it's length is around 8", it is a spacer used on pneumatic and bottle jacks and normally on heavy trucks/equipment. The holes are where it would sit on the jack and the chain is for easy retrieval if it happened to fall off the jack. Hope this helps!