Dynamic Visualforce Binding allows Visualforce pages to reference components, fields, or objects dynamically at runtime rather than being hard-coded at design time. This feature provides flexibility to create highly customizable and reusable Visualforce pages.

Usage of Dynamic Visualforce Binding:
Dynamic Field Binding: You can dynamically reference fields of an object using the $ObjectType global variable and {!objectName.fieldName} syntax.

Dynamic Component Binding: Visualforce allows you to dynamically reference different components within your page using apex:component and apex:composition.

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Benefits of Dynamic Visualforce Binding:
Reusability: Create generic components that can be reused across different Visualforce pages.
Flexibility: Adapt to changing business requirements without modifying the underlying code.
Customization: Provide end-users with highly customizable and personalized interfaces.
Dynamic Visualforce Binding enhances the capability of Visualforce pages, making them more powerful and adaptable to various use cases in Salesforce development and read more such useful Salesforce Interview questions and answers for better understanding about the topic.