Late itinerant circling empty room in last station (8)
I believe the answer is:
terminal
'station' is the definition.
(terminal is a kind of station)
'late itinerant circling empty room in last' is the wordplay.
'late' says to take the final letters (I've seen 'latest of' mean this).
'circling' indicates putting letters inside (circling can mean going around or containing).
'empty' means to remove the middle letters.
'last' becomes 'eal' (I can't justify this - if you can you should give a lot more credence to this answer).
'room' with its centre taken out is 'rm'.
The last letter of 'itinerant' is 't'.
'rm'+'in'='rmin'
'rmin' put within 'eal' is 'erminal'.
't'+'erminal'='TERMINAL'
Can you help me to learn more?
(Other definitions for terminal that I've seen before include "part of Heathrow?" , "Last, final" , "Electrical connector" , "End point of line - section of airport" , "Leading to death, fatal" .)