The second parameter denotes the column that contains the result.
If you dont give a column name here, the reporting engine will simply take the first column of the result. In the case of the MULTIVALUEQUERY function, the various values of the result set are then aggregated into a array of values that is suitable to be passed into a multi-select parameter or to be used in a IN clause in a SQL data-factory.
For more details see https://www.on-reporting.com/blog/using-queries-in-formulas-in-pentaho/