When used in conjunction with a Sith machine, the holocron had the ability to amplify the abilities of only weakly Force-sensitive individuals, though it did not affect their underlying personality.
After defeating Ri'kan Kateen on the Hidden Chain command ship and destroying the Sith machine, the Alliance Commander managed to finally acquire the holocron and escaped the ship as it was about to explode.
After acquiring the holocron, Imperial players are then contacted by Darth Krovos while Republic players are contacted by Arn Peralun, both of whom ask to give the holocron to the Empire and Republic respectively. The player can either choose to do so or keep it with them instead.