Connection Pooling is a technique used for sharing the server resources among requested clients. It was pioneered by database vendors to allow multiple clients to share a cached set of connection objects that provides access to a database.
Getting connection and disconnecting are costly operation, which affects the application performance, so we should avoid creating multiple connection during multiple database interactions. A pool contains set of Database connections which are already connected, and any client who wants to use it can take it from pool and when done with using it can be returned back to the pool.

Apart from performance this also saves you resources as there may be limited database connections available for your application.