MRT (Metropolitan Rapid Transit) is Bangkok rapid transit system, which is known as subway. Currently MRT provides service only one line (Blue line) which has 18 stations between Hua Lamphong and Bang Sue.
Lat Phrao MRT station is a station that is located on Lat Phrao Road, near Ratchada-Lat Phrao Intersection.
What to see around Lat Phrao MRT Station
There are schools, office towers, institutes close to the station.
Central Plaza Lad Phrao, a huge shopping mall, is not close to the station. If you want to go to this mall, get off at Phahon Yothin Station. From that station, you can walk to the mall.
Hope this information helps. Enjoy traveling Bangkok!