The left boot is a quest item in the The Giant Dwarf quest. Players steal the boot from Dromund by taking it from the table near the door while Dromund isn't looking. The matching right boot is obtained by using Telekinetic Grab through the north window.
After obtaining both boots, they automatically turn into exquisite boots and can then be delivered to Riki the sculptor's model.
Attempting to equip the left boot yields the message: "What, wear just one boot? Besides, the boot is too precious for that."
Upon completing the quest's section (including after the quest), if the player attempts to grab the boot physically or by Telekinetic Grab, the game will yield the message, "You don't need this boot".