It doesn't necessarily release pressure from the crankcase, the crankcase vent line from the factory does that. This is a check valve installed in the factory vent line that prevents the crankcase from taking air back in on the compression stroke. It creates a negative pressure in the crankcase that apparently aids in ring seal. I bought one but haven't installed it yet.
I won't pretend to be an expert though. Kenny can give a much better explanation.