Plant it to grow Steam Crank. This links up to other Steam blocks and can conduct steam power. When punched, this pipe rotates between horizontal and vertical. Use your wrench to decide whether to allow the public to adjust it.
Steam Crank Seed price in Growtopia: sells for about 5 WL (median of 1 offers from community Discords, past 30 days). Live price chart and the latest buy and sell offers.
Recently sold at: BOLZO