It will buffer the tank, meaning it will leach base chemicals into the tank until the water reaches a medium. This level will depend on the material, but as mentioned, marein tanks end up in the 8.2-8.4 region, though they are buffered by the substrate, the live rock and the marine salt.
I would still expect in excess of 8 from it, but it may not buffer for as long if used in small amounts. In theory, it may be possible through continual keeping in FW (like dumping it in the cistern of a toilet) for a while to make it more stable (much as you do when curing homemade live rock).