1.5 is the thread pitch
- the distance between one pointy bit of a thread and the next one along, in this case 1.5mm. Not a great picture (below) but these are both M10 threads. The top one is 1.5 which is a fairly standard M10 thread pitch. The bottom is 1.25. You should be able to see the difference between the two.
The braking system on motorcycles is often an area where finer thread pitches are used. So if a bolt doesn’t fit, check carefully that you’re using the right pitch bolt.