Franz Peter Schubert was an Austrian composer born in 1971. He is considered to be one of the first representatives of Romantic music. This paper captures his life and gives a detailed analysis of his last piano composition “Drei Klavierstücke D. 964” (Three Piano Pieces). Having received musical education as a boy, he later choose to work as a schoolmaster for four years. He spent almost the entirety of his life in poor economic conditons. Schubert's intellectual circle of friends bound together by a passion for music organized private concerts called “Schubertiades”, which are being performed even today, albeit in a slightly different form. Franz Schubert had a tragically short, but extremely productive life. Having reached the age of 31, he wrote 1000 musical pieces such as solo songs (song cycles), piano trios, piano quintets, symphonies, many different forms of chamber music and incidental music for plays. Schubert's miniature piano pieces are considered to be his master ones, which is why it is especially interesting to analyse his “Drei Klavierstücke D 964” (“Three Piano Pieces”). Despite their name, which indicates that they are miniature piano pieces, they are infused with a very strong and profound massage. In this particular piano piece Schubert does not only show technical skills, but also offers his audience an outline of all his emotions and mental states. This is especially noticeable in the second part. Owing to the pure emotions and characters represented by this work, I consider it to be a masterpiece of Schubert’s piano literature.