Available Locations
This field will contain a list of active Locations (as defined on the Admin >> Setup >> Locations screen) that are not currently associated with this record.
Note regarding inactive Locations: Locations that have been set to a status of "Inactive" will not show up in the left "Available Locations" window. They will, however, show up in the right "Locations For" window. In this way, you can un-assign a disabled location if you would like. By default, the locations will remain associated even if they are set to a status of inactive.
This list can be populated / refined using the Filter feature.