32294357 is a damper valve used on the outlet side of the high pressure valve plate for the 2545 air compressor pump from Ingersoll Rand.
The outlet damper valve sits on the top of the valve plate and connects to the high pressure discharge finger valve (#32294290). This prevents the discharge finger valve from opening too far on the outlet of the pump.
32294357 is also included in the 32307118 Valve and Gasket Kit for the Ingersoll Rand 2545 compressor pump.
Part #: 32012957
Part #: 32307118
Part #: 32307084
Part #: 32307126
Part #: 32319477