The Location field is similar to the Text field in the sense that it allows for alphanumerical values, however, it is meant to store addresses. On the form side, as you start typing the field will attempt to autocomplete the address and will provide a few similar options for you to choose from.
Configuring a Location Field
Give your field a name and add a field hint if desired. You can then select the section in which the field will be created or keep the default option.
The field type must be set to 'Location'.
If desired, you can set a default value for all new records. Team members will have the option to override the default value if needed.
Enable the 'Required' checkbox if the information for this field is mandatory. It means that if you enable this option, every time a team member creates a new record, they will need to input a date for this field in order to save it.
If you enable the 'Lock After Create' as its name implies, the field will be locked once the new record is saved and the value of the field will not be editable afterward.
Once you are done setting your field, click the save button.
Note: All new fields are added at the bottom of the form.