What is this peg board used for? Answered

I believe it's a pegged board that children use to make shapes with rubber bands and helps them to learn shapes and distances of sides and such

Maybe it's just my state of mind right now, but it looks like a back massager.

Quoits - at least I think that's what they are called/spelled. Rubber ring thingy's that you throw from a short distance over the pegs???

i think it is one of those boards you stretch rubber bands on

Looks homemade or shop made not a production piece.  And it looks unused.

Lets see...
First level trainer for sleeping on bed of nails - maybe pillow for bed of nails,
Ring toss target for the carnival,
Washer sorting board,
Test tube drying rack or maybe more useful - beer bottle drying rack for homebrewed homebrew,
Mustache comb for the Jolly Green Giant,
Framework for weaving potholders out of strips of material,
Multi-station dibble for planting seeds in "eeg carton" planters,
Hill-billy adding machine,
Prototype 4 bit pentium.

I give up what is it really?

a wire bending jig? (are the pins removable?)