It is widely used as a final format delivery method for HD broadcast files in commercials, features, Blu-ray and streaming. It is the successor of the Apple Intermediate Codec and was introduced in 2007 with Final Cut Studio 2. for use in post-production that supports up to 8K.
“Apple ProRes is a high quality, lossy video compression format developed by Apple Inc. NOTE: Here’s an article on how to create a ProRes sequence setting in Adobe Premiere. Here’s how to create a ProRes setting in both current versions Adobe Media Encoder (AME) and earlier. However, Adobe did not create any ProRes presets until the current (2019) version. ProRes is an outstanding family of codecs, even if Adobe Premiere Pro is your principle editing tool.