Beginners Course - Technique builder by Ted Wolff
Pat Metheny once said in an interview that playing arpeggios is great for your technique because they make you move quickly up and down your instrument. This etude gets you playing over the entire three octaves and will sharpen your accuracy. Choose your sticking carefully. Try out different combinations until you find the one that works for you.
I like to play it "dry" so I can hear each note separately, but you can add some pedaling if you like. Doing that will make the piece sound fuller.