I couldn't place it either, until I watched Disney's Beauty and the Beast again. It's not the exact same but it's dang close. So that's where I associate it now. Re-watch that and you'll hear it.
It also was played dueing the opening credits to Terrence Malick's "Days of Heaven" w/ Richard Gere
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The Carnival Of Venice
Yes they do
The baby, Toby, in the movie Labyrinth was played by Toby Froud.
Thomas McDonell played Jesse Richter in the 2011 movie Prom.
Bruce Greenwood played Jack Dunphy in the movie Capote.