W1 looks like a small mistake to me, if any. This move indirectly protects the cut at the right side, so the third line stone cannot be cut off easily. It is, however, not strongly connected. White needs to be flexible, in case the naive result (the 3 stone group) is too dangerous.
$$B
$$ ----------------------
$$ |...................|
$$ |...................|
$$ |.......X.XXX.O.....|
$$ |...X....OOOX34.X...|
$$ |......a....O1O.....|
$$ |..........O.2..X...|
$$ |...................|
The keima at a would induce black to protect with a move. After that, white will enter the corner at 3-3 as soon as possible, such that white gets both influence and territory. This is a usual idea when playing this joseki.
$$W
$$ ----------------------
$$ |...................|
$$ |...................|
$$ |..3...2X.XXX.O.....|
$$ |...X....OOOX...X...|
$$ |......1....OaO.....|
$$ |...............X...|
$$ |...................|
In the meantime, of course a white move at a is an important consideration. In particular white a may be almost sente against the black corner, to prevent a pincer on the right side.
On the other hand, if black cuts (starting at a), then white needs to consider if the cut off stone can lead to a new life in the upper right corner. In that case, the cut may not be that important.