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It has the same meaning as profit, to gain from, with its use intended for dramatic flair. Quoted from Preach, part of the Youtube channel Aba & Preach.
When a person puts you in the Friendzone because it's convenient, they profitate from your being in the Friendzone.
Profitate by kameHouse May 12, 2020
Related Words

Dodecatuple Secret Probation 

The highest level of probation imaginable assigned to a fraternity; the underlying intention being assured failure.
From this day forth, Robot House is on dodecatuple secret probation!

Counter-probaiting 

An amalgamation of counterproductive and baiting

Basically, when you try to bait someone, but it bites you in the ass
Aaron: Hey, I just got rid of the ants in my house by keeping sugar out in the open
Zelda: Oof, dude, that's some counter-probaiting on point

proditiophobia 

The fear of being betrayed by someone you love
He suffers from proditiophobia. This is why he never makes friends
proditiophobia by doom overlord January 25, 2015

Hans Probst 

Hans Probst by Swinkk April 4, 2010

not-for-profitute 

A person who often has sex out of charity or pity in spite of having insufficient sexual attraction. The not-for-profitute often feels like they ought to have been payed, but refuse to receive payment as their sexual performance is a gift of charity.
"Kev, dude. Your face is glowing; what's good man?"
"Man, I dicked Brittney last night. She's like a 10. I'm like sexy and I never even knew."
"I hate to break this to you Kev, but Brittney's a not-for-profitute."
"Oh. Dude, I'm not even mad though. Her tits were bouncin'."
not-for-profitute by ViHelena April 23, 2017