This feature is currently unused.
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Pink Wood was a featured classified wood type in Lumber Tycoon 2. In the game files, this type of wood is labeled as "GenericSpecial". It is unknown exactly when it was released, or if it will ever return to the game again. It was available on consoles until its decommission, and could be rarely found spawning inside Oak Wood trees.
One week after discovery on 6/28/16, the wood was confirmed to have been available on consoles only and was available during a certain period. On 7/1/16, the wood was decommissioned from the game and all instances of Pink Wood were replaced with Oak Wood.
Despite the wood's spawning mechanism being removed from the game, some hackers have managed to create blueprints filled with Pink Wood (GenericSpecial). However, upon reloading their base the wood becomes Oak.
The string of code that allows the pink wood to spawn actually still exists within the game's code, however, it is not functional as the code is no longer active but rather converted into a comment (string of text that has no effect on the game's functionality whatsoever).