The for attribute shows that this label stands for related input field, or check box or radio button or any other data entering field associated with it.
for example
<li>
<label>{translate:blindcopy}</label>
<a class="" href="#" title="{translate:savetemplate}" onclick="" ><i class="fa fa-list" class="button" ></i></a>  
<input type="text" id="BlindCopy" name="BlindCopy" class="splitblindcopy" />
</li>