Zaid, this IP is legit and blocking it will cause workstations showing "No Internet".
It's used by Network location awareness service , if you check registry Computer\HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Services\NlaSvc\Parameters\Internet
You will see ActiveWebProbeHost is pointed to www.msftconnecttest.com
"nslookup -type=a www.msftconnecttest.com" shows the DNS is resolved to13.107.4.52.
Windows will do active http probe to http://www.msftconnecttest.com/connecttest.txt and expect to get "Microsoft Connect Test" content.
If activeprobe failed, it will show the network connection as "No Internet", and it could cause problem for Outlook and OneDrive.