Yes, it is being used for Windows Update delivery optimization, you may refer to Delivery Optimization workflow, privacy, security, and endpoints - Windows Deployment | Microsoft Learn which explain about it and you will see this URL there.
Is the URL http://dl.delivery.mp.microsoft.com/ safe?
Is the URL http://dl.delivery.mp.microsoft.com/ associated with Microsoft? Additionally, is it utilized by Windows Update?
Windows for home | Windows 10 | Windows update
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