That looks like a round pipe behind all of that insulation. If it's an old oven flue, you can use a flue plug to stop up/cover the hole. It's typically a galvanized or sheet metal cap that's shaped to fit the hole.
Something like this: [https://www.supplyhouse.com/Lennox-29K12-2-Flue-Plug?srsltid=ASuE1wSOMkHvs7qgTy0F7mz4fuFucFTCEovIBI9zlRtlGbCrw3MkuWdXqV4]
You may want to see if you can find the other end of the pipe and make sure it's blocked as well. The pipe would make a good entry way for small animals looking for a place out of the elements. We would often have birds and squirrels climb down our flue pipe in the winter. Made for some fun times getting them out of the house.