You may need to change this End Date value because of the source data that you are using to populate the Slowly Changing Dimension. In a recent project, I had to deliver an integration between Oracle Fusion HCM and an on-premise DWH. The End Date for Fusion HCM objects is "31-December-4712". So, if you want to use the ODI IKM to create SCDs you need to customize it.
To do so, first you need to create a copy of the default IKM.
Then open the duplicated object and locate the steps where the default End Date is used.
The step that needs to be customized is 'Insert flow into I$ table'. Edit the Target code to replace '2400-01-01' with '4712-12-31' or whichever value you want to use as End Date.
Once it is done, then you can use this customized IKM in your interfaces for populating SCDs Type 2.