I'd 'go with the scientific uses – part of an instrument for regular use or in teaching; but subsequently adopted for some other use; perhaps in a workshop by fitting to a cross-slide. It looks too small and finely made for heavy use but if it was originally intended as a machine-tool accessory, it was in horological or scientific-instrument work
The lack of graduations is only due to the scale, perhaps on a shroud over the worm, having been removed or lost. Note that the worm-shaft still has its minutes scale.
The small pins probably did locate some particular article, as Jeff suggests, but not as original.
I would conclude someone adapted this rotary-table for a very different purpose from original, and I don't think "original" was on even a small jig-borer or engraving machine by any commercial manufacture. I doubt the adapting was by a manufacturing concern either. Unless perhaps under the exigencies of either World War, it would have been more much efficient, reliable and economical to purchase a machine-shop class rotary-table and add the locally-made jigs and fixtures.
Its being mated with a T-slotted slide, suggests to me that Lindsay has acquired the mortal remains of a home-made jig-borer or compound-table for a bench-drill. Or possibly something assembled from bits in a university workshop for use in the Physics Department?