So, I have figured out how to get rid of it, but I'm still curious why it is needed...
It only appears when panel icons are placed on the right and left bars simultaneously, and the bottom bar is left empty. For the figure above, I have the Files panel anchored to the left sidebar and the Command Window icon anchored to the right side bar, but nothing on the bottom bar. Apparently, when the right and left sidebars are both used, only a 3-column layout is possible, and the "Documents Pane" is used as a place holder for the empty middle column.
