This template should be used when the name of the article is in Serbian Latin alphabet, and one wants to write the same name in the Serbian Cyrillic alphabet. Example:

Vlade Divac (सर्बियाली सिरिलिक: Владе Дивац) is a retired Serbian professional basketball player.

The name Vlade Divac is itself Serbian, but in Latin alphabet, and Cyrillic name is Владе Дивац. Serbian language uses both Latin and Cyrillic alphabets.