Red Light On Dash

I have a 95, and on the Right side of the dash there is a smal right light, tiny bulb and all, sticking out, is this standard, or what is it? I bought this car not too long ago and I never really noticed it until recently

It's probably the LED that is connected to the security system. My '95 has it to the left of the steering column. If you draw a horiz line from the center of the panel dimmer sw wheel and a vert line down from the temp gauge the lines intersect where the light is. I guess it depends on who installed the alarm system as to where the light is.