It can be used in various contexts, depending on the noun it modifies. For example:
* Nagbutas na ang sapatos ko. (My shoe is pierced.)
* Nagbutas ang gulong ng kotse. (The car's tire is punctured.)
* Nagbutas ang tainga ko. (My ear is pierced.)
The word "nagbutas" implies an action that has already happened, a state of being pierced.