I updated Xcode to 11.5 from 11.4 soon after the update I\'m unable to run the apps on my physical device which is also currently running the latest IOS 13.5. When I try run
This is not a bug. Apple restricts free developer account can only install three app on a device.
A more easy way is delete app through Xcode devices window, instead of searching through the log file.

Use the delete button to remove apps under the same account.
When targeting devices running iOS 13.3.1, tvOS 13.3.1, watchOS 6.1, or later using a free Apple Developer account, app extensions incorrectly count against the limit of three apps installed simultaneously. When this happens, Xcode reports an error: “The maximum number of apps for free development profiles has been reached.” (59264389) (FB7568073)
Workaround: Delete apps signed with your free account from your device and also remove any associated provisioning profiles from the device using Xcode’s Devices window. If your app contains more than two app extensions, remove them to remain under the three app limit.
https://developer.apple.com/documentation/xcode-release-notes/xcode-11_4-release-notes