This is the 5159th most frequent Japanese word.
遠
"Distant" or "far."
In this sentence, '遠い' modifies '場所' (place) to indicate it is distant or far away.
遠い場所に旅行するのが好きです。
I like traveling to faraway places.
Here, '遠い' is used to describe the distance between the school and the station.
その学校は駅から遠いです。
That school is far from the station.
In this case, '遠' is part of '遠回し,' which figuratively means a roundabout or indirect manner.