That's probably your heart. Depending in your age I would go to the doctor as soon as possible because they're might be something seriously wrong with you.
Your pancreas is around there and can sometimes be problematic. Speak to your doctor if the pain is worrisome, or if what you're feeling is more like a lump.
It is only the most important part of a person's life, the burning and throbbing and beautiful and boisterous sensation occurs every so often. It is the most discussed but rarely understood part.