[EDIT] original title of this question was \"Getting the last element of a Postgres array, declaratively\"
How to obtain the last element of the array in Postgr
UPDATE: the question was edited, so I update my answer.
You can also use array_upper() to return the element itself (not just its index):
SELECT arr[array_upper(arr, 1)] FROM (SELECT ARRAY[1,2,3,6] AS arr) AS t
So the anwer is:
SELECT arr[array_upper(arr, 1)] FROM (SELECT string_to_array('one two three', ' ') AS arr) AS t
result: 'three'