yo laborrega,
Sure appears to be the Under Hood Reel Light
But, It probably has Mercury in it;
Under-Hood, Mercury Removal Guide, Bronco, Ford, 70-95, etc.
Source: by wa.gov/pubs
http://www.ecy.wa.gov/pubs/0504024.pdf
excerpts;
"According to industry representatives, any vehicle equipped with a convenience
light in the hood and/or trunk is likely to have mercury switches if it is a:
1. 2002 or older model made by Ford or General Motors; or
2. 1998 or older model made by Chrysler..."
But they forgot to list our Broncos, but did show Bronco II and F Series
Also included are da Anti-lock braking systems (ABS) on some 4-wheel drive vehicles contain mercury switches. The switches are in a G-Force sensor that detects deceleration and takes the vehicle out of 4-wheel drive during slipping. Broncos from 92-96