Fixing Unreal Engine Xcode Error

I recently attempted to configure my laptop for development tasks. My first step was to install Unreal Engine and Xcode, but I encountered a persistent error when I tried running the UE application.

Naturally, I initially resorted to a brute force approach: restarting the application, followed by rebooting my laptop, and even contemplating uninstallation.
Eventually, I stumbled upon a solution online - executing the following command in my terminal:

sudo xcode-select -s /Applications/Xcode.app/Contents/Developer

After implementing this solution, the application finally runs as intended.

I hope this article proves beneficial to someone now or in the future. Happy coding!