Put a tek force field on this thing and bam. You have a mobile impenetrable shield that you can walk right into a base and to tank turrets slowly while your enemies watch and can do nothing but try to rocket it down.
I use my paracer as my cargo transport dino for short to mid distance. I use it to go to the redwood nearby and gather MASSIVE amounts of metal. Just hop off, get the metal, load up the paracer, then get back home. They can defend themselves quite effectively
On Scorched Earth the Paracer with its platform saddle is a needed tame. You can put a cannon on it and use it for taming Rock Elementals or use its high weight and health for carrying large loads of supplies around through dangerous areas.