IMO it isn't a brake lever because it doesn't have the route for a cable to be snaked through. I looks like a handle was crimped onto the end where I have pointed out in these two photos, the second pic depicts where the handle broke off from:
I think it is an Elephant head coat hook. The "hole" is where I bet decorative tusks were mounted. the smaller hole looks like an eye hole. Some similar but older than these. Or maybe a curtain rod end.