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This is the first leg of the journey to Fryatt Valley, a highly-rated backcountry camping destination in Jasper National Park.
Backpackers often hike this road to get into Fryatt Valley, but as a wide path completely in the forest, it is not particularly interesting.
A better option is to bike it if you can.
Biking makes it possible to see Fryatt Valley as a day trip, or you can bikepack your camping gear for a multi-sport overnight.
Note that reservations are required for camping. Mapped here is the entirety of the trail that is open to bicycles, which reaches Lower Fryatt campground.
Beyond there it becomes a narrow path for hiking only.
Lock your bike at the campground and continue into Fryatt Valley on foot. Source: https://www.pc.gc.ca/en/pn-np/ab/jasper/activ/passez-stay/arrierepays-backcountry