The Translation Control Register, TCR_ELn has
an additional field called Top Byte Ignore (TBI)
that provides tagged addressing support. general-purpose registers
are 64 bits wide, but the most significant 16 bits of an address
must be all
Any attempt to use a different bit value triggers a fault.
When tagged addressing support is enabled, the top eight bits, that is [63:56] of the Virtual Address are ignored by the processor. It internally sets bit  to sign extend address to 64-bit format. The top eight bits of a Virtual Address can then be used to pass data. These bits are ignored for addressing and translation faults. The TCR_EL1 has separate enable bits for EL0 and EL1. ARM does not specify or mandate a specific use case for tagged addressing.
An example use case might be in support of object-oriented programming languages. As well as having a pointer to an object, it might be necessary to keep a reference count that keeps track of the number of references or pointers or handles that refer to the object, for example, so that automatic garbage collection code can de-allocate objects that are no longer referenced. This reference count can be stored as part of the tagged address, rather than in a separate table, speeding up the process of creating or destroying objects.