Maul attempted to steal it with the help of Ezra Bridger to gain access to the superweapon to get revenge on all his enemies, whereas the Sith Lord Darth Vader planned to take both the holocron and the temple's power to maintain the Sith's rule over the galaxy.
It could be used to open doors within the temple, but also to activate a superweapon designed to take life when placed in an obelisk at the top of the building. A Sith holocron containing the Presence was placed in a subterranean Sith temple on Malachor.