This beautifully stylized insect might be a mosquito of totally unclear significance1. Fly amulets are always triangular (see slides #683-685). The overall shape of this pendant is close to a unique mosquito deity (see slide #700)

Carnelian possible mosquito amulet

Carnelian pierced for suspension
H 1.7, W 1.0, T 0.5 Presumably Late Period
Private collection DA

Reference

1None, Unpublished amulet