The private _PyErr_OCCURRED() function was introduced to optimize Objects/setobject.c:

commit 5ba0cbe
Author: Raymond Hettinger <python@rcn.com>
Date: Sat Aug 6 18:31:24 2005 +0000

* set_new() doesn't need to zero the structure a second time after tp_alloc
  has already done the job.
* Use a macro form of PyErr_Occurred() inside the set_lookkey() function.

But the usage of the macro was removed one month later:

commit 9bda1d6
Author: Raymond Hettinger <python@rcn.com>
Date: Fri Sep 16 07:14:21 2005 +0000

No longer ignore exceptions raised by comparisons during key lookup.
Inspired by Armin Rigo's suggestion to do the same with dictionaries.

The macro is currently defined as:

#if defined(Py_DEBUG) || defined(Py_LIMITED_API)
#define _PyErr_OCCURRED() PyErr_Occurred()
#else
#define _PyErr_OCCURRED() (PyThreadState_GET()->curexc_type)
#endif

IMO the new _PyErr_Occurred(tstate) internal function is a more reliable way (don't depend on Py_DEBUG and Py_LIMITED_API) to ensure that the code uses the most efficient way to check if an exception was raised.

I cannot find "_PyErr_OCCURRED" in the PyPI top 4000 projects, I checked with INADA-san's tool:
https://github.com/methane/notes/tree/master/2020/wchar-cache
(But I found many C extensiosn using "PyErr_Occurred" which is fine, this one stays ;-) I just wanted to check that my search was working.)

So removing _PyErr_OCCURRED() is unlikely to break PyPI top 4000 projects. If it breaks a third party project: well, we don't provide any backward compatibility warranty on the *private* C API.

#define _PyErr_OCCURRED() (PyThreadState_GET()->curexc_type)

But this way, this macro access directly the PyThreadState.curexc_type member which goes against the bpo-39947 "[C API] Make the PyThreadState structure opaque (move it to the internal C API)" issue.

_PyErr_Occurred() is defined as:

static inline PyObject* _PyErr_Occurred(PyThreadState *tstate)
{
    assert(tstate != NULL);
    return tstate->curexc_type;
}

New changeset a486054 by Victor Stinner in branch 'master':
bpo-43270: Remove private _PyErr_OCCURRED() macro (GH-24579)
a486054