Doesn't that bolt hold the front portion of the side stand bracket to the engine case? It also appears to help locate the switch.
Is your switch working OK? (Bike shuts off if the side stand is put down while in gear)
This is a standard hex drive fastener. A little blue LocTite is probably a good idea.
Pete, the "Spine Frame" Guzzi have a rectangular box frame that runs from the steering head between the cylinders to a cross member between the side plates that mount the swingarm. Earlier Guzzi frames used more conventional tubes that surrounded the engine on both sides. In spine frames, the engine and gearbox are 'stressed members' and part of the structure (not "cradled" by frame tubes).
Spine frame Guzzis started with the Daytona (1991-98), continued with the Sport1100/1100 Sport (94-98),the Centauro (96-??), and the V11(Sport and LeMans variants, 1999-2004). Hmm, I suppose also the MGS01?