It's used in a basic phase-control (light dimmer) circuit for the soldering iron temperature adjust.
I also think it's a 1A sensitive gate TO-92 Teccor triac. "Q4___" is 400V
Consider BT131-600. Z0107 is popular in appliances but not sensitive gate.
B&K 181-007-9-001 "Triac 0.8A"
If I was in there maybe upsize to a 4A TO-220 part, but they have a different pinout, not MT1-G-MT2.
The meter bridge rectifier diodes D2,3,6,9 are B&K 150-008-9-001 "Germanium diode 1N67" and known to fail.
The other rectifier diodes D4,5,7,8 are B&K 150-008-9-001 "1A, 600V Silicon diode" like 1N4005.
Attached is B&K 1655 schematic I found that is a bit better.