"And Jesus, when he was baptized, went up straightway out of the water: and, lo, the heavens were opened unto him, and he saw the Spirit of God descending like a dove, and lighting upon him:
And lo a voice from heaven, saying, This is my beloved Son, in whom I am well pleased." (Matthew 3:16-17 https://www.lds.org/scriptures/nt/matt/3.16-17)
The Savior followed the will of the Father "to fulfill all righteousness," and continued doing that his entire life. He was baptized by one who had authority to do so. That authority to baptize was lost for a bit, but has now been restored to the earth again through a young boy prophet as John the Baptist, as a resurrected, exalted being, laid his hands on Joseph's head and gave him the power to baptize as he had.
May we all follow the example of the Savior in all things, for he was obedient to the Father so that we could return and live with them again. He beckons us to come, follow him, to join his church, and to live worthy of the spirit and eternal life in the world to come.
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Picture is Baptism by Greg Olsen