I have never seen this type case used for any MG34 or MG42 guns; they have square bottoms. The AA sight for both these weapons were carried in a special compartment in the tool pouch.
I have one that is similar, without the loop inside and was told it was for an artillery instrument. I have no idea what it is for, but mine appears to be post war, so if it is, it was used after the war for something.
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