Recently I was taking a calculus of variations class and our professor casually obtained the time-independent Schrödinger equation for a free particle from the integral (constants dropped) and it's constraint to normalise the distribution: $$S=\int_{-\infty}^{\infty}(\psi')^2dx - E\int_{-\infty}^{\infty}\psi^2dx$$ where $E$ is the Lagrange multiplier that turns out to be the energy.
Does the Lagrangian $(\psi')^2$ have a special name or any significance in actual quantum mechanics or is this just a coincidence?
With some further tinkering to the Lagrangian, I managed to derive the full time independent Schrödinger equation by replacing $(\psi')^2$ with $(\psi')^2+V(x)\psi^2$.