What is the "generated" attribute seen in some HTML tag used for?

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I saw it used in a HTML label tag but I have a feeling that it can be used with most HTML tags. I can kinda guess what it means. But I am more curious about what's the benefit of using it. I tried to google for some reference about it but couldn't find any, so I come to you experts. Thanks.

Example:

<label for="first_name" generated="true" class="error">This field is required.</label>
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