The red key is used to reprogram your engine to accept blue keys. Occasionally, the engine will "forget" the immobilizer codes contained in your blue keys. In that scenario, only the red key will start the engine and allow you to "teach" the engine to read the blue keys again. Also, if you lose all your blue keys, only the red key can be used to program new blue keys.
Without it, you need to completely replace the ignition computer if it forgets the keys.
I was trying to explain this to my boyfriend the other day, but didn't know the real details. Thanks for posting this! Now I sound like I know what I'm talking about, lol.
Mechanically its ok to use it, it works. But if you lose it while you are out you are pretty well screwed. Note the previous remark, without the red key, if you lose the blue ones you must replace the ignition system and that is BIG BUCKS!
Put your red key someplace safe and protect it with your life.
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