Since it has a quick connect and a pressure gauge, my guess it's an air hose connection for filling/topping up your tire pressures.
On our coach, the basement has a furnace that gets its heat from the AquaHot, similar to the furnace registers in the living room, kitchen, bathroom, and bedroom. The basement furnace is there to keep your waste tanks and water bay from freezing. On our coach, the waste tanks and water bay area is the only basement-place heated.