Simply put: because sometimes you don't know either the "Foo" or "hello" parts at compile time.
The vast majority of the time you do know this, so it's not worth using reflection. Just occasionally, however, you don't - and at that point, reflection is all you can turn to.
As an example, protocol buffers allows you to generate code which either contains full statically-typed code for reading and writing messages, or it generates just enough so that the rest can be done by reflection: in the reflection case, the load/save code has to get and set properties via reflection - it knows the names of the properties involved due to the message descriptor. This is much (much) slower but results in considerably less code being generated.
Another example would be dependency injection, where the names of the types used for the dependencies are often provided in configuration files: the DI framework then has to use reflection to construct all the components involved, finding constructors and/or properties along the way.