How much is it worth? must be beastly in endgames.
The Dwarf explained

How much is it worth? must be beastly in endgames.
Much stronger than a Queen.
The best game so far with a Dwarf:
https://www.chess.com/forum/view/chess-variants/bulldog-chess-with-witch-and-dwarf-evert823-bad-dobby-fischer

I've added a new section to the OP about how and when the Dwarf can be captured by the Time Thief. This scenario has been mentioned by @haoming09.

Ultimately, this is classified as a deathmatch piece; the first I came across for Bulldog.
It's awesome. I like it.

Ultimately, this is classified as a deathmatch piece; the first I came across for Bulldog.
It's awesome. I like it.
What's a deathmatch piece? And where can I read more about it?

What I meant is that it is a piece that is extremely powerful at the beginning and does more damage than the progression of a typical chess game; closer to the beginning.
Apparently, however, I misused the terminology.
I just wiki'd "deathmatch", and it seems I have ascribed the wrong definition to it. A "deathmatch", according to its official definition, is a game that is meant to bloodily kill your opponents. I thought "deathmatch" meant a faster pace game that is usually easier to finish, achieved by having a strong large enemy (or, in this case, a powerful chess masterial count) at the beginning.
While one usually achieves killing an opponent bloodily more easily with a larger army at the beginning, beginning larger army is not the actual direct definition.
So "deathmatch" is not appropriate. Do you know of a term that means "large army prowess at the beginning?" That is the kind of piece the Dwarf is.
The Dwarf moves and captures like a King. The Dwarf is not royal and can be attacked and captured.
The Dwarf has as special ability, that it can only be captured if two or more pieces of the opponent are attacking it.
In the below diagram, the white Dwarf is attacked by two black pieces, while the black Dwarf is attacked by only one white piece.
The following diagram shows a situation that may be confusing.
A piece that is pinned on the King can attack a Dwarf. In the following diagram:
Although Nxd4 is not legal due to the pin, the Knight on b3 does attack the Dwarf. Rxd4 is a legal move.
Dwarf and Time Thief
The rules for the Dwarf and the Time Thief come together as follows:
When a Time Thief sees a foe Dwarf on square A, then the Dwarf 'invokes' an attack by the Time Thief on square A when it moves away to square B.
When at least one more piece allied with the Time Thief is also attacking on square A, then a capture of the Dwarf by the Time Thief is possible.
This does not depend on whether or not the Dwarf is attacked on square B.
So in the following position, white to move:
After any Dwarf move by white, Black can capture the Dwarf with the Time Thief.