The "Pitcorthie" placename translates roughly to "place of the standing stone" or "standing stone farm". So it's hardly a unique name. In fact there are two ancient monuments just in Fife scheduled under the name "Easter Pitcorthie". This is the one in the southern part of Dunfermline city.
Standing on what was once a crest of sloping land, this stone is now surrounded by a pavement of granite cobless in the middle of a housing estate built in the 1970s. If there was an excavation (official or otherwise) around the stone at the time, there does not seem to be a record of it.
The stone stands around 1.6 metres tall and is roughly rectangular in cross-section. The western face is very flat and it is tempting to think it has been dressed. The other faces are much rougher but where the stone has split on the eastern face, the rock is also very flat.