Well, the last update was February 2016! What did you expect?
This app changes a unique ID, as liamwli explained -- Google uses it to identify your device. Since it may change upon installation of another ROM, you may want to revert to the previous ID to prevent several new entries cropping up on the Play Store device menu, for example (in the menu where your devices are listed whenever you (buy and) install an application or game). This tends to get a big mess over time with us OCD flashers, and this means you will have to find out by chance or elimination whatever device Google thinks you are currently on is the device you intend to install to.What is the purpose for this? What does this actually do? What ID are you changing?
Well, the last update was February 2016! What did you expect?