The geodesic equation used in general relativity is the following: $$ {\mathrm d^2 x^\mu \over \mathrm ds^2} =- \Gamma^\mu {}_{\alpha \beta}{\mathrm d x^\alpha \over\mathrm ds}{\mathrm d x^\beta \over\mathrm ds}. $$ It states that the acceleration of the test particle is a function of the metric (Chistoffel symbol) and the derivative of coordinates with respect to "a scalar parameter of motion s ex.: proper time".
Also, the Wikipedia page on the Schwarzschild metric states the following: "[...] [Schwarzschild metric] is the solution to the Einstein field equations that describes the gravitational field outside a spherical mass, on the assumption that the electric charge of the mass, angular momentum of the mass, and universal cosmological constant are all zero." and the metric is the following: $${c^2 \mathrm d\tau^2 =}\left({1-{r_s \over r}}\right)c^2\mathrm dt^2-\left(1-{r_s \over r}\right)^{-1}\mathrm dr^2-r^2\mathrm d\Omega^2$$
Assuming all these conditions are true, does the Schwarzschild metric apply to the context of a particle in the vicinity of Earth's gravitational field? If so, can you give an example?
If, for some reason, the metric in question does not apply to the context of Earth, why not?