The content of 'Derived Data' is generated during Build-time. You can delete it safely. Follow below steps for deleting 'Derived Data' :
- Select Xcode -> Preferences..
- This will open pop-up window. Select 'Locations' tab.
In Locations sub-tab you can see 'Derived Data'
Click on arrow icon next to path.
- This will open-up folder containing 'Derived Data'
Right click and Delete folder.