Reflection is the process of runtime type discovery to inspect metadata, CIL code, late binding, and self-generating code. At the run time by using reflection, we can access the same "type" information as displayed by the ildasm utility at design time. The reflection is analogous to reverse engineering in which we can break an existing *.exe or *.dll assembly to explore defined significant contents information, including methods, fields, events, and properties.
You can dynamically discover the set of interfaces supported by a given type using the System.Reflection namespace.
Reflection typically is used to dump out the loaded assemblies list, their reference to inspect methods, properties etcetera. Reflection is also used in the external disassembling tools such as Reflector, Fxcop, and NUnit because .NET tools don't need to parse the source code similar to C++.