Translation
In vain is the eminence, just like a date tree
No shade for travelers, fruit is hard to reach

My Understanding
A date tree grows very tall, projecting eminence and a distinction of its own.  Yet, it does not provide shade to weary travelers. Besides, it's fruit grows so far that one cannot easily pluck it.

Using this simile, Kabir in this doha points out to us about our vain personalities. What good is our so called eminence, if it is neither compassionate nor helpful to others? Kabir emphasizes that we should shed our greed, selfishness and insecure tendencies and establish ourselves in such a way that we should be willing to give and share. Only then we will be blessed and become a blessing to others.

– Rajender Krishan