I'm sure it's not - but that looks an awful lot like a drain fitting to me...
Tranny coolers are usually fairly short, and fittings won't go "outside" the hoses like that. Otherwise, the cooling element in the tank will interfere with coolant flow, or just starve the pump.
I'd get some sheet cork or neoprene, cut it to size, and apply a little RTV Black to it before I put it in. If you're not going to use that fitting for anything (you don't, do you?) then the "permanent" solution is the easiest.
I'd be very interested in knowing what that fitting is for - like I said, I don't think it's for a tranny cooler (at least, it would not make sense,) and it looks too much like a drain valve. Additional sensor, perhaps?
5-90