Here's what the formula tells us:
* Cr: The symbol for the element Chromium.
* Cl: The symbol for the element Chlorine.
* 3: The subscript '3' indicates that there are three chlorine atoms for every one chromium atom.
It's important to note that Chromium can have different oxidation states (like +2, +3, or +6), and the Roman numeral III in the name "Chromium(III) chloride" indicates the specific oxidation state of chromium in this compound.