First let me say I'm not an expert, but as an embedded software guy I have some vague notion of much smaller CPUs. . .
Google suggests that BPM is Intel speak for break-point monitor, so this pin may well be used for attaching an external debugger - that's a device that can monitor what's going on inside the CPU at a very low level.
I imagine this pin is one of many that would only be used in the lab at Intel and companies developing motherboards, and it may well do nothing in a consumer motherboard.