Heat oven to 200°C | 400°F. Heat 2 tablespoons of the butter in a cast iron skillet (or oven proof non stick frying pan). Once butter has melted, transfer to the oven and allow to brown.
Meanwhile, combine flour, milk, sugar, vanilla and salt in a magic bullet blender (or normal blender). Blend for a minute; stop and scrape down the sides to ensure no extra flour is sticking to the sides; and blend again until the mixture is lump free. Add the eggs and blend again until smooth. Set aside.
Once butter has browned in the pan; remove pan with oven gloves; add the remaining tablespoon of butter to the pan and stir it through the browned butter to combine. Quickly pour the pancake batter into the hot skillet/pan. Return the pan to oven and bake until the pancake is puffed and golden (15-20 minutes). While the pancake is in the oven, prepare Cherry and Chocolate Compote.
For The Compote:
Combine the Cherries, water, sugar and Cointreau (or juice) in a small saucepan. Bring to a gentle boil; reduce heat down to low and gently simmer until a syrup forms and the cherries soften (about 10 minutes). You may need to lift the saucepan over the heat a couple of times to prevent the liquid in the pan from over flowing. Add the pieces of chocolate and allow them to melt through the cherries.
To Serve:
Dust with confectioners/icing sugar (optional); dollop some cream or yogurt of your choice over the pancake; spoon the compote over the cream; sprinkle with toasted coconut flakes.