- Can i import xap file into developing project or xap file of it?
No, WP7 app can't have nested xap files - such app will fail the certification in the Marketplace.
- Can i import xap file as a library project to developing project?
If you can unpack the xap file (as it is a zip folder) - you can use dlls to add them as references. So, you can execute some code from that application.
- Can it be done without source code of the already developed application so that I can interact it from developing application?
You can try to decompile that app (using dotPeeker for example) if it's legal in your country.
But in general the answer is no.