It is a Praise - and also a Lament Psalm. It is read for cultivating deep self-awareness, inner healing, and a sense of divine omnipresence.
Verse 14: "I praise you, so wonderfully you made me; wonderful are your works!" is used to overcome self-rejection and low self-worth.
Verses 13–16 are read, slowly, when you feel inadequate, in order to gain the perception of your physical form and mind as a real expression of divine art.
This psalm teaches that in knowing God you know about your own beauty. Loving God becomes self-love, as God is great and you: his creature, are great too!
Knowing yourselves by knowing God, your resonance with Him will even more tune Him in to you too. This is the foundation of your completeness in your entirety
Because of the profound and intimate relation you develop with God it is also recited for a good marital life, to become pregnant, or to bless a pregnancy
Procreation is connected to the creative process, consequently to any creation. You recite this psalm for a good relationship, a good project, a good result!
The strong resonance with God will make you true, solid, and lead you to "emanate" good achievement whatever they are!
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