again, depends on what it is being connected to. Some times it is necessary to use a capacitor to reduce noise etc
I'm assuming the capacitor was placed across the power supply of a voltage regulator. This is common practice and helps "smooth" the voltage. If I'm using a 5V regulator, I normally have a 47uF or 100uF across the input to the regulator and 10uF on the output of the regulator. Normally, I have 100nF capacitors across both input and output of the regulator in addition to the 47/100uF and 10uF caps. Some may say that this is unneccessary with todays voltage regs. Have a look at the specific voltage regulator data sheet; it may suggest different values.
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