prevents White from connecting to the exterior stones, but kills Black easily.
Jacob4Jesus: you say kills easily, but doesn't at a secure two eyes?
MrTenuki: No, because at a is self-atari (White will capture at b). Even if Black had an extra outside liberty (which would make at b impossible), White could still fill in at the circled spot to create a dead shape and keep the group dead.
fractic: captures a stone. Let's visualize it with a diagram.
MrTenuki: Nope, there is no ko here: