Deictic in a sentence as a noun

It's thoroughly deictic and as such I think it's a good thing to keep in mind.

Deictic definitions

noun

a word specifying identity or spatial or temporal location from the perspective of a speaker or hearer in the context in which the communication occurs; "words that introduce particulars of the speaker's and hearer's shared cognitive field into the message"- R.Rommetveit

adjective

relating to or characteristic of a word whose reference depends on the circumstances of its use; "deictic pronouns"