T Draconis (T Dra) is the small red star located in the middle of the image. This star is listed in the SIMBAD database as being spectral type C6,2e and it has the deep red hue of a carbon star. The magnitude of T Draconis is 7.2 and the distance is 783.3307 parsecs (2554.883 light years).
The spectra of this star was remarkable enough to be included in the 1895 publication Stars with remarkable Spectra, AN, 1895.
The white star next to T Dra is UY Draconis. UY Dra is a variable K-type star whose brightness is is 11.0 magnitude. UY Dra is 4015.7149 light years away, which is almost twice as far away from us as T Draconis is.
In the cropped image shown here, T Draconis is the deep red star near the center. UY Draconis is the white star to the lower right of T Draconis. The close proximity of these two stars in this image is just a chance alignment, this is not a double star system.
