This Psalm is a great Psalm of David, it contains 9 verses that exalt God's name in adoration, pure adoration. There is an acronym for structuring prayer that I believe is very helpful, ACTS. ACTS stands for Adoration, Confession, Thanksgiving and Supplication. We life God up in adoration, exalting His name before we confess our sins before Him. Recognizing our sinfulness and His excellence we thank God for His continued mercy and grace that is continually poured over us and finally end in asking of Him what we require. This Psalm provides a fantastic framework for the Adoration part of our prayers and devotions, His divine glory, use of weak people, creator and sustainer of all creation, divine providence and His placing of mankind as stewards over all of creation.