I’ve acquired this thing recently. It’s solid wood and none of the parts move. The handle is firmly attached. It measures 14" tall. It comes with three different sized holes: 1-1/4", 1", and 7/8".
So far, my guesses are: misc. tool holder, tobacco pipe rack, communion cup holder, crochet needle holder, or shot glass flight tray. Any help would be greatly appreciated!
For crochet hooks?
I also see at least several not-identical-but-similar crochet hook holders when doing image searches, so the concept of “wooden crochet hook holder” can’t be that unusual:
They have holes, in some cases of different size, and a center handle. That being said, all of the ones I saw seem to have this multi-level design, to be lighter, which OP’s object doesn’t.
Maybe a homemade version which would be easier to make; you’d just have to turn and drill holes into a hunk of wood.
And/Or multi-function purpose of being relatively sturdy enough to beat people with.