About DependencyProperty in WPF - wpf

Question

I'm very new to WPF and while studying (particularly creating a user control), I stumbled upon this thing called "DependencyProperty".
I understand how it works in code but why and when do we need it when I can just create a property and expose it for public use.
Example:
XAML:
<UserControl.....>
<StackPanel Orientation="Vertical">
<TextBlock x:Name="label" Text="Hello"/>
<TextBlock x:Name="text" Text="World!" />
</StackPanel>
</UserControl>
CS file:
public partial SampleUserCtrl : UserControl
{
public string LabelText { get { return this.label.Text; } set { this.label.Text = value; } }
public string TextBoxText { get { return this.text.Text; } set { this.text.Text = value; } }
}

Answer 1

DependecyProperty in WPF has different uses.
Advantages compared to normal .NET property
Reduced memory footprint It's a huge dissipation to store a field for
each property when you think that over 90% of the properties of a UI
control typically stay at its initial values. Dependency properties
solve these problems by only store modified properties in the
instance. The default values are stored once within the dependency
property.
Value inheritance When you access a dependency property the value is
resolved by using a value resolution strategy. If no local value is
set, the dependency property navigates up the logical tree until it
finds a value. When you set the FontSize on the root element it
applies to all textblocks below except you override the value.
Change notification Dependency properties have a built-in change
notification mechanism. By registering a callback in the property
metadata you get notified, when the value of the property has been
changed. This is also used by the databinding.
As you dig deeper to WPF you will also stumble upon DataBinding and object-oriented design patterns like MVVM or MVPVM. Both patterns rely on DataBinding which is achieved through using of Dependency Properties. You cannot perform data binding if it is not a dependency property.
Basically data binding through dependency properties allow the user to update the view when updating a value through code.
Ex: In Windows Forms in order to update a label text you assign its value on the code behind like this:
lbl1.Text = "foo";
In data binding where as you bind in the XAML (View)
<label Text = "{Binding foo}"></label>
and update the values in your code behind:
foo = "foo";
I am not an expert myself so sorry if I might sound confusing.

Answer 2

Dependency property has many benefits over normal property.
A dependency property value can be set by referencing a resource
It can reference a value through data binding
It can be animated. When an animation is
applied and is running, the animated value operates at a higher
precedence than any value (such as a local value) that the property
otherwise has.
You can learn more about it from msdn.

Answer 3

The main advantage of DP property you can find anything in DP like your Control info and you current DataContext info.
public string MyProperty
{
get { return (string)GetValue(MyPropertyProperty); }
set { SetValue(MyPropertyProperty, value); }
}
// Using a DependencyProperty as the backing store for MyProperty. This enables animation, styling, binding, etc...
public static readonly DependencyProperty MyPropertyProperty =
DependencyProperty.Register("MyProperty", typeof(string), typeof(MyUserControl), new PropertyMetadata(null, (s, e) => OnChangedValue(s, e)));
private static void OnChangedValue(DependencyObject s, DependencyPropertyChangedEventArgs e)
{
throw new NotImplementedException();
}