In my particular case, I want to bind to the IsReadOnly property of a TextBox to set the Content property of a Button? They are both part of the same StackPanel.
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You need to specify the trigger as part of a style -- the Triggers collection on the Button itself can only contain event triggers. With that in mind, a DataTrigger works fine. However, there is a wrinkle: the value from the Trigger Setter won't overwrite a local Content property. So you have to set the default Content in the Style as well. Here's how it looks: