I was looking for a more specific physical interpretation for this identity but looks like it is not directly used or defined like the Born Interpretation but is used in a physical derivation or calculation.
This raises another question which is, when doing a calculation in physics and going from one equation to another and finally to an answer which is correct. It would mean that the mathematical equations at the start of the problem had a physical interpretation and the equations at the end of the calculation also has a physical interpretaion. This should imply each step in your calculation should be able to have a physical interpretation attached as well (i.e. it should be possible to find one no matter how unnatural it is to do so). If it was not the case than when does the physical interpretation disappear and reappear in your calculation?
Therefore, if this identity is used somewhere in the mathematics in a physical problem, this identity should have attached a physical meaning. ALthough in most cases this meaning is forced and unnatural.
But my claim could be wrong in the first place. Maybe it is the case that by followinw the rules of defined mathematics, hence by following tautological steps, the physical meaning is never lost in the equations, no matter which step you are at.
But no matter which way you go, it would suggest that if this identity is used somewhere in physics than it has a physical meaning however vague it may be.