What is this pin sticking out of my Tokarev slide?

That should be the pin that retains the firing pin in the slide; you may need to "bump up" the diameter slightly to get it to stay in there.
 
Perhaps knurling it or replacing it with a double rollpin could do.
Or maybe finding a pin a wee thousandth fatter. In a pinch, the shank of an appropriate sized drill bit can be cut, ground to length, hardened and used just for that.
PP.
 
Yup, it's a firing-pin retainer.

These are supposed to be a split pin with a funny head so that you can compress the two sides with a V-slot tool and then push it straight out. You can order the right pin, make up the tool and replace properly, or you can do what I did....... and just show in a straight shank and rivet the ends to upset the thing in position. Works for the short term, but DEFINITELY not collector-spec or milspec!
 
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