Did found a work around. Had to make DEPLOYMENT LOCATION to NO in Build Settings. This is not right solution but at least its building my project. Had to copy files manually to DEPLOYMENT LOCATION along with its library which is in Derived Data. If any one finds a proper solution, please update.

I dont have these in Build phases. Please check my question on https://stackoverflow.com/questions/77191886/xcode-15-cycle-in-dependencies-detected I am not understanding whats causing the problem in Xcode 15 for my project.