Founded in 1864, historically Panguitch was a profitable pioneer ranching and lumber community. Since the 1920s inception of the national park, the town has had a can't-live-with-or-without-it relationship with Bryce Canyon, 24 miles east. Lodging long ago became the number-one industry, as it's also used as an overnight stop halfway between Las Vegas (234 miles) and Salt Lake City (245 miles).
Other than some interesting turn-of-the-20th-century brick homes and buildings, it has few attractions. Main St has an antique store or two, but mostly people fill up with food and fuel, rest up and move on. In a pinch you could use it as a base for seeing Bryce, Zion and Cedar Breaks.
Panguitch is the seat of Garfield County and hosts numerous festivals.