Axle Pegs Are So Useful! While axle pegs are typically used to complete a toy car project, woodworkers and crafters alike can make use of these great wooden pegs! They are often used as game pieces, pegs on a board to hold jewelry or many other craft projects of your liking. At Craftparts Direct, we wish to supply you with affordable items such as these pegs to help your creative mind build creative things! Be sure to search our store for the perfect toy wheel to fit your peg.