Label is a text-based element used to identify an input field or any user interface object. It provides clear, concise descriptions of the corresponding field's purpose, thus guiding users to input appropriate data.

Labels can also be associated with form controls, like checkboxes or radio buttons, to enhance accessibility. In some cases, they may include supplementary information or instructions. By providing context and guidance for user inputs, the Label component enhances usability, improves accessibility, and results in a more effective and satisfying user experience.