Wollaston is a small lunar impact crater located in the Oceanus Procellarum. To the northwest is the similar Nielsen. To the southeast is the somewhat larger Krieger. There are several small rilles to the southwest , forming part of the Rimae Prinz. (wikipedia entry)
A crater is a circular depression likely created by an impact event. On the Moon they are named after deceased scientists, polar explorers, astronauts or cosmonauts.