The listreceivedbylabel command provides information about received transactions categorized by label. It allows users to specify the minimum number of confirmations required before payments are included, whether to include labels that haven't received any payments, whether to include watch-only addresses, and whether to include immature coinbase transactions.

How is this used?

The listreceivedbylabel command is used to track received transactions grouped by labels. It's particularly useful for managing and organizing transactions within the wallet, allowing users to monitor incoming payments associated with specific labels or categories. Additionally, it aids in financial analysis and reporting by providing insights into the distribution of received funds across different labels.