Ledger Live Desktop was the desktop version of Ledger's companion application for its hardware wallets. Ledger is now transitioning the product toward the Ledger Wallet name, but many users still search for and refer to the desktop application as Ledger Live.
The desktop application provides an interface for viewing supported accounts, monitoring portfolio information, managing digital assets, and interacting with compatible services. When used with a Ledger hardware device, important operations can involve confirmation on the physical device.
A desktop setup can be useful for users who prefer a larger display, a traditional computer workflow, and easier access to portfolio-management tools. The exact features available can depend on the supported asset, device, operating system, and region.