It's the third-person singular present active indicative form of the verb "laborare" which means "to work" or "to labor".
Here are some examples of how you might use "laborat" in a sentence:
* "Servus laborat in agris." (The servant works in the fields.)
* "Puer laborat ad studium." (The boy labors at his studies.)
* "Deus laborat pro bono hominum." (God labors for the good of mankind.)
It's important to note that "laborat" is an active form, meaning the subject is performing the action of working. If you want to say "he/she/it is worked" or "he/she/it is labored" you would use the passive form of the verb, which is "laboratur."