The most common and most likely answer to this crossword clue is the 3 letter word DEL
I've seen this crossword clue in The Guardian
D
E
L
More clues leading to the result DEL
Buddy explains!

The straight part
We know that "Key" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case key = del.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does DEL mean?
DEL noun- The symbol ∇ used to denote the gradient operator.
- The symbol ∂, in the context of a partial differential
- A part, portion
- A person authorized to act as representative for another; a deputy
- A representative at a conference, etc.
- An appointed representative in some legislative bodies
- A type of variable storing a reference to a method with a particular signature, analogous to a function pointer
- An act of delegating.
- A group of delegates used to discuss issues with an opponent.
- A method-dispatching technique describing the lookup and inheritance rules for self-referential calls.
- A contract whereby the original debtor substitutes a new debtor in his stead, with the creditor’s permission.
- To remove, get rid of or erase, especially written or printed material, or data on a computer or other device.