The component in question is a capacitor with the part number CAP CER 120PF 500V X7R 1210. It features a capacitance of 120 picofarads and operates within a voltage range of ±10% at 500 volts. The ceramic material used has an X7R classification, indicating its ability to maintain performance across various temperature ranges. This capacitor is also denoted as 1210 (3225 Metric), referencing its physical size.