The blue handle tool appears to be for electrical/electronics work:
318851-1
Insertion Tool, Universal Mate-N-Lok II Connectors
https://www.newark.com/amp-te-connectivity/318851-1/tools-insertion/dp/83F3532
Here is a description from a
similar looking tool:
Extraction Tool, 0.093" Commercial Pin & Socket Contacts, Te Connectivity / Amp 318
https://www.newark.com/amp-te-connectivity/318837-1/extraction-tool/dp/88F4434
The 318837-1 is an Extraction Tool designed to remove the 0.093-inch commercial pin and socket contacts from connector housings. The extraction tool consists of a spring loaded metal tip with an integral plunger mounted to a plastic handle with an interlock lever. When the interlock lever is depressed and the plunger is held until the contact locking lances are depressed by the tip. After the lever is released, the plunger is released and permitting the contact to be pushed out the rear of the housing.
Spring-loaded metal tip with an integral plunger mounted to a plastic handle with an interlock lever
Hope that helps, I still don't know what it is. Lol.