The Clock module is typically used to step a sequencer with its pulse output signal. It can also be used as an external pulse divider. What sets this module apart from an LFO or oscillator is the ability to divide the clock into standardized music note durations or divisions.
The clock module uses ROM data tables which are programmed to divide the master clock pulse by 1/16th, 1/8th, 1/4 notes etc. There are 8 tables to choose from. Some are simple divide by 2 and 4 And some have triplets and syncopated values. It works very much like a pulse divider or divide by N module but with the added ability to select the range of divisions available. A typical divide by N module will divide from 1 to 60. Dividing by 19 or 41 etc. are fun but sometimes you just want to divide by standard note values. The Clock 53B makes this an easier task by connecting an output row from the sequencer to voltage control the step duration of the clock.
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These merchants probably sell this module. Huh?