{wrapfigure} is an environment to allow flowing text around figures, usually defined by the {wrapfig} package or the {wrapfig2} package. To make clear, which version is used, you should also use tag {wrapfig} or {wrapfig2}.
The wrapfigure environment provided by package wrapfig or package wrapfig2 supports flowing text around figures. The packages also define wraptable for flowing around tables and the more general wrapfloat environment. Package wrapfig2 additionally wraptext for flowing around boxed text.