It's just a precision needle valve, normally used to tune down the amount of air injected into the skimmer. It goes on the airline that feeds your venturi. I purchased it for that reason, not to quiet the venturi noise made by the skimmer. When I started using it, I found out that even with the valve set to wide open, it completely silences the venturi "hissing" noise. It would also be useful if you want to tweak the bubble size on your skimmer, so kill two birds with one stone.
I bought item 22149, and two 62005 adapter fittings that screw in on the end and slip into the tubing.