In brief, a mercurial celebrity (4)
I believe the answer is:
fame
'celebrity' is the definition.
('fame' can be a synonym of 'celebrity')
'in brief a mercurial' is the wordplay.
'in' indicates a hidden word.
'FAME' is hidden in the letters of 'brief a mercurial'.
(Other definitions for fame that I've seen before include "Renown, celebrity" , "''... is the spur that the clear spirit doth raise (Lycidas, John Milton)" , "Repute" , "Prominence" , "Note" .)