Location in Anstruther exciting (5)
I believe the answer is:
there
'location' is the definition.
(I know that there is a type of location)
'in anstruther exciting' is the wordplay.
'in' indicates the answer is hidden within the clue.
'THERE' is hidden in the letters of 'anstruther exciting'.
(Other definitions for there that I've seen before include "In that respect" , "Place: as indicated" , "Ether (anag)" , "Yonder" , "in that case" .)