AirDrop Fails to Connect Between iPhone and Mac (Connection Keeps Dropping)

I am experiencing a recurring issue with AirDrop connectivity between my Mac and iPhone. Despite both devices being discoverable and within close proximity, the AirDrop connection consistently fails when attempting to send or receive files.

Specifically, when I try to AirDrop files from my iPhone to my Mac, the devices initially detect each other, but the connection fails immediately during the transfer process. This issue happens repeatedly and is not resolved by restarting the devices.