It is in a single-part form.

a (measures 1-8) + a1 (measures 9-16)

The tempo indication is 'In waltz time'. From this, it is desirable to perform with a tempo sensation that effectively feels like 6/8 time, treating two measures as one, a common characteristic in waltzes.

The right hand plays the accompaniment, with chords placed on the second and third beats. The left hand plays the melody, making this an etude for adding expression to the left hand.

Imagining the structure and melodic character, albeit on a small scale, as if wind instruments in a brass band are playing together, one should enjoy performing while envisioning which wind instruments are playing where in the piece.