The Torah documents the history of the Jewish people and contains the ethical framework in which Judaism has evolved.
It should be noted that reading the Torah alone is not sufficient when wanting to explore the various ways it applies to Jews today. For that you would need to explore the commentaries and "oral laws" which help explain the Torah and also apply it to modern situations.
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The Jewish Torah-belief and tradition is that God is One. The same God is mentioned throughout the Torah.
Its importance is that it defines Judaism. Monotheism is the single most important part of Judaism and is stressed in many Torah-verses (such as Deuteronomy 6:4). the other side of the same coin is that idolatry is not just rejected, but is abhorred. This too is stressed again and again in the Torah.
The fact that it is the word of God (Exodus 24:12).
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The Talmud. This is a compendium of volumes which contain the Oral Torah, whose purpose is to explain the brief details of the Torah itself.
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