This is a small table. There are only two rows in the table. Interesting enough, a SELECT * on the table results in 285 logical reads. This suggests that there is a whole lot of empty space in the table.
Judging from the name, the purpose of the table is to lock things in some roll-your-own locking scheme. I would guess that rows are deleted and inserted quite regularly.
There was a suggestion to play with the fill factor, and indeed if you have a table where rows are inserted both here and there, setting a fill factor of 80-90 when you rebuild the index can be a good idea. However, this applies to a table where most of the rows stay around, which does not seem to be the case here. And the actual fill factor in this case is very low, below 1.
Given that this is a vendor database, I don't think you can do much with this table. Overall, if you have performance issues with a vendor application, there is all reason to involve the vendor. If there are performance issues with this table C_REPOS_APPLIED_LOCK, this probably requires a new way of thinking in the application.