If it is 0, then the MAC address is a UAA and the first 24-bits are the organizationally-unique identifier (OUI) of the manufacturer of the network interface card (NIC).
If it is 1, then the MAC address is just an LAA.
Many drivers and NIC's often allow users to modify the MAC address of their device.
But, it seems Windows does not allow modifying mac addresses to universal ones (i.e., UAA's): https://superuser.com/questions/1265544/
What is the reason for this restriction? Are there security implications if this was not the case? Or, perhaps, is this merely just to prevent someone from spoofing a device as some legitimate company's network communications product? (to their ISP)