The Schwarzschild Metric is a solution to Einstein's equations of general relativity that describes the gravitational field outside a spherical, non-rotating mass, such as a planet or a black hole. It provides a mathematical framework to understand how space and time are curved by gravity, allowing for predictions about the motion of objects in that field. This metric is significant because it reveals how time and space behave near massive objects. For instance, it shows that time runs slower in stronger gravitational fields, a phenomenon known as gravitational time dilation. The Schwarzschild solution is foundational in astrophysics and cosmology, influencing our understanding of black holes and the universe's structure.