It is one of the Laudate psalms and was sung as part of a trio of psalms during Lauds in the Roman rite. Around 530, St. Benedict of Nursia choose this psalm, along with Psalms 149 and 150, for the office of morning celebrated daily. That's why this celebration is called Lauds.
In the Liturgy of the Hours also present, Psalm 148 is recited for Sunday Lauds in the third week.
Charles Wesley made a translation of this psalm, and the translation is frequently sung to the hymn tune Darwall's 148th by John Darwall.