Performance: briefly remember to embrace it (7)
I believe the answer is:
recital
'performance' is the definition.
(recital is a kind of performance)
'briefly remember to embrace it' is the wordplay.
'briefly' means to remove the last letter.
'remember' becomes 'recall' ('recall' can be a synonym of 'remember').
'to embrace' is an insertion indicator.
'recall' with its last letter removed is 'recal'.
'recal' enclosing 'it' is 'RECITAL'.
(Other definitions for recital that I've seen before include "Concert by soloist" , "Verbal account" , "Telling" , "statement of facts" , "Performance of music by soloist" .)