The item appears to be a 3-in-1 Kitchen Sink Organizer or Soap Pump Dispenser with Caddy.

It is a compact, multi-functional unit designed to keep the area around a kitchen or washbasin sink tidy and organized.

Liquid Soap Dispenser: The main, typically cylindrical or rectangular, body of the unit serves as a reservoir for liquid dish soap or hand wash, often with an approximate capacity around to . It features a pump top for one-handed, on-demand dispensing.
Sponge/Scrubber Holder: A dedicated section or basin, often with a hollowed-out or draining design, is included to hold a wet sponge, scrubber, or scouring pad.
Drying Rail/Cloth Hanger (or Second Compartment): Some designs feature a rail for hanging damp dishcloths to dry, or the third "function" may refer to an additional compartment for a dish brush or other cleaning accessory.

Space-Saving: It combines multiple cleaning accessories into one compact unit, reducing clutter on the countertop.
Drainage System: The sponge area often includes a draining plate or is situated over a concealed reservoir/drip tray to collect excess water, keeping the counter dry and preventing soap scum.
Material: Typically made from durable ABS plastic for long-lasting use.
Easy to Clean: The entire unit can often be dismantled for thorough cleaning.