If a value is set here and you start a job that is an Inheritance Job and has restrictions on labels, Jenkins will check if you make any reference of the "magic" value in the label expression.
If not, Jenkins will add an "and" term with the negated magic value.
That means, these jobs will not run on nodes that carry the magic
label.
If there is a reference, Jenkins will do nothing and just return the
label that you specified. This way, you can select manually whether or not
to run jobs on test-machines that are marked with the "magic" label.