Hello Rishi Chapekar and Amol Parikh,
The Adc_Calibrate function inside the ADC blocks implements the ADC Calibration activity, that can be added in the Initialize Subsystem:

The Adc_Calibrate function will help the ADC peripheral to minimize the reading errors and get closer to the Ideal response:

Figure 3. Effect of calibration error on ADC response
An in-depth analysis of the recommended ADC calibration can be found here: 16-bit SAR ADC calibration - NXP Community
It is recommended to use the ADC Calibration block only in the Initialization part of the model, otherwise running it in a repeated triggered subsystem will result in the values getting filtered as your results.
Best practices to increase the ADC accuracy can be found also in AN12217: S32K1xx ADC guidelines, specs, and configuration – Application Note (nxp.com).
Best regards,
Stefan V.