How to Remove or Deactivate “Application Passwords” in WordPress

With version 5.6, I got this new weird "Application Passwords" under all user profiles. No idea what it is and what it does except for what it says — and I want it gone.

If anyone knows how to remove this using __return_false with a filter or something, please tell me. I’ve googled and looked at the developers handbook and so far; nothing.

See image for more information.Application Passwords