There are two powerful aspects to inheritance. One is code reuse. When you create a ListBox class, you're able to reuse some of the logic in the base (Window) class.
What is arguably more powerful, however, is the second aspect of inheritance: polymorphism. Poly means many and morph means form. Thus, polymorphism refers to being able to use many forms of a type without regard to the details.
When the phone company sends your phone a ring signal, it does not know what type of phone is on the other end of the line. You might have an old-fashioned Western Electric phone that energizes a motor to ring a bell, or you might have an electronic phone that plays digital music.
As far as the phone company is concerned, it knows only about the "base type" phone and expects that any "instance" of this type knows how to ring. When the phone company tells your phone to ring, it simply expects the phone to "do the right thing." Thus, the phone company treats your phone polymorphically.
Because a ListBox is-a Window and a Button is-a Window, you expect to be able to use either of these types in situations that call for a Window. For example, a form might want to keep a collection of all the instances of Window it manages so that when the form is opened, it can tell each of its Windows to draw itself. For this operation, the form does not want to know which elements are listboxes and which are buttons; it just wants to tick through its collection and tell ...