No. The Wave Corrector Declick isn't a default application that comes pre-installed on any system. This is an audio tool that is designed for digital audio processing and its main feature is to remove noise from old analogue recording. It's possible that this was installed together with another application or was installed for a device that you wanted to use on your computer. If you don't have a use for it, you can unsintall it by going to Control Panel > Programs and Features.
