I guess IPTC/XMP-dc ObjectName/Title would be the place to put that info.
There is overlap in the old IPTC and new XMP-dc tags. You never know which app supports which so it is best to sync them to be the same (GraphicConverter does this by default). Monterey Photos.app supports the following:
[IPTC] Caption-Abstract : Caption/Description
[IPTC] ObjectName : ObjectName/Title
[IPTC] Keywords : Keyword1, Keyword2
[XMP-dc] Description : Caption/Description
[XMP-dc] Title : ObjectName/Title
[XMP-dc] Subject : Keyword1, Keyword2
Then there is also this AFAIK legacy tag that for some strange reason iOS devices use and Photos.app prefers over those IPTC/XMP tags:
[IFD0] ImageDescription : Caption/Description
GraphicConverter can sync also IFD0:ImageDescription by setting "Edit File Info (IPTC/XMP) [cmd-I ] > Options > set Exif tags in addition (legacy)".
GraphicConverter can delete IFD0:ImageDescription via Exif > Image Description > Remove. Or Exif > Image Description > Copy Caption copies XMP-dc:Description to IFD0:ImageDescription.
Delete via exiftool does the same:
exiftool -m -P -overwrite_original_in_place -if '$IFD0:ImageDescription' -IFD0:ImageDescription= .
Captions from Images are gone - Apple Community