Purpose of component U2, M24C02-RMN6TP EEPROM on FMCDAQ2

Can anyone tell me what the M24C02-RMN6TP (i.e component U2 on the FMCDAQ2 schematic) device is used for on the FMCDAQ2 design?  Is this chip intended for Analog Device's use only in that maybe it holds important configuration information?  I see that the EEPROM chip is not write-protected because the JP3 is populated with a 0 Ohm resistor.  Would there likely be any issue with board operation if we were to depopulate JP3 so that this device is switched to write-protected?

Thank you!