A Honda rep once told me it was a "production assembly assistance feature".
I think the idea behind it was that it held the cam chain on the sprocket while the chain was hanging slack as the cylinders and head were being installed. I think this because, when I assemble engines where this is already missing, it is real easy to get the cam chain doubled over a ltooth under that sprocket, which causes you to have to rotate the crank back-and-forth to get it into a slack-enough position to mount the chain over the cam sprocket while inserting the cam. This can be really annoying after you have already positioned everything else, then have to drop the chain and sprocket off the cam (again) to assemble it...assembly techs don't like that sort of thing.