What is the purpose of the Label component in user interfaces?

The Label component in user interfaces is designed to display text that serves as a description, title, or explanation for other interface elements, such as input fields. Label is non-interactive; its purpose is to inform the user, help navigate the interface, and improve data perception.

Example of using Label next to a text field:

<label for="username">Username:</label>
<input type="text" id="username" name="username">

Here, the Label indicates what should be entered in the input field.