Xcode – Could not obtain access to one or more requested file system resources because CoreDevice was unable to create bookmark data

I am trying to run my watchOS app and whenever I click run it gives this error. This error is not there whenever I am trying to run in the simulator, only when I run this on my physical device. I have tried everything from restarting everything, deleting cache, even deleting build folders and all.

Could not obtain access to one or more requested file system resources because CoreDevice was unable to create bookmark data.
Domain: com.apple.dt.CoreDeviceError
Code: 1005
User Info: {
    DVTErrorCreationDateKey = "2023-11-02 07:41:25 +0000";
    IDERunOperationFailingWorker = IDECoreDeviceSideInstallAppWorker;
    NSURL = "file:///Users/abid/Library/Developer/Xcode/DerivedData/Halcyon-coojvzkgmktyzsainzuhkwpehwct/Build/Products/Debug/Halcyon.app";
}
--
The file couldn’t be opened because it doesn’t exist.
Domain: NSCocoaErrorDomain
Code: 260
Failure Reason: The file doesn’t exist.
--

Event Metadata: com.apple.dt.IDERunOperationWorkerFinished : {
    "device_isCoreDevice" = 1;
    "device_model" = "Watch5,9";
    "device_osBuild" = "10.2 (21S5331f)";
    "device_platform" = "com.apple.platform.watchos";
    "dvt_coredevice_version" = "355.7";
    "dvt_mobiledevice_version" = "1643.40.14";
    "launchSession_schemeCommand" = Run;
    "launchSession_state" = 1;
    "launchSession_targetArch" = "arm64_32";
    "operation_duration_ms" = 1;
    "operation_errorCode" = 260;
    "operation_errorDomain" = "com.apple.dt.CoreDeviceError.1005.NSCocoaErrorDomain";
    "operation_errorWorker" = IDECoreDeviceSideInstallAppWorker;
    "operation_name" = IDERunOperationWorkerGroup;
    "param_debugger_attachToExtensions" = 0;
    "param_debugger_attachToXPC" = 1;
    "param_debugger_type" = 3;
    "param_destination_isProxy" = 0;
    "param_destination_platform" = "com.apple.platform.watchos";
    "param_diag_MainThreadChecker_stopOnIssue" = 0;
    "param_diag_MallocStackLogging_enableDuringAttach" = 0;
    "param_diag_MallocStackLogging_enableForXPC" = 1;
    "param_diag_allowLocationSimulation" = 1;
    "param_diag_checker_tpc_enable" = 1;
    "param_diag_gpu_frameCapture_enable" = 0;
    "param_diag_gpu_shaderValidation_enable" = 0;
    "param_diag_gpu_validation_enable" = 0;
    "param_diag_memoryGraphOnResourceException" = 0;
    "param_diag_queueDebugging_enable" = 1;
    "param_diag_runtimeProfile_generate" = 0;
    "param_diag_sanitizer_asan_enable" = 0;
    "param_diag_sanitizer_tsan_enable" = 0;
    "param_diag_sanitizer_tsan_stopOnIssue" = 0;
    "param_diag_sanitizer_ubsan_stopOnIssue" = 0;
    "param_diag_showNonLocalizedStrings" = 0;
    "param_diag_viewDebugging_enabled" = 1;
    "param_diag_viewDebugging_insertDylibOnLaunch" = 1;
    "param_install_style" = 0;
    "param_launcher_UID" = 2;
    "param_launcher_allowDeviceSensorReplayData" = 0;
    "param_launcher_kind" = 0;
    "param_launcher_style" = 99;
    "param_launcher_substyle" = 0;
    "param_runnable_appExtensionHostRunMode" = 0;
    "param_runnable_productType" = "com.apple.product-type.application";
    "param_structuredConsoleMode" = 1;
    "param_testing_launchedForTesting" = 0;
    "param_testing_suppressSimulatorApp" = 0;
    "param_testing_usingCLI" = 0;
    "sdk_canonicalName" = "watchos10.2";
    "sdk_osVersion" = "10.2";
    "sdk_variant" = watchos;
}
--

System Information

macOS Version 14.2 (Build 23C5030f)
Xcode 15.1 (22501) (Build 15C5042i)
Timestamp: 2023-11-02T13:11:25+05:30