It can start spawning on items at Item Level 1, but will not be able to spawn on all items until level 37.
This will allow you to recover from being stunned much faster when hit by a Monster. This is especially useful for characters that do a lot of melee fighting or that cannot afford to be stunned for very long.
Faster Hit Recovery items can stack.
5% Faster Hit Recovery (Small)
8% Faster Hit Recovery (Large)
12% Faster Hit Recovery (Grand)