Local Profile ?
This wildcard will be replaced by the path of the local Premiere Pro profile. Since there is a different path for each major version of Adobe Premiere Pro, it is sufficient to enter the number of the version here as an input.
{local.profile.?}
For the following input (?) --> 14 (Premiere Major Version)
The output is going to be --> root\documents\Adobe\Premiere Pro\14.0\Profile-root