Color Palette Name: Maroon Elegance

1. Classic Maroon
   - Hex Code: 
                            
                            #800000
                        
   - Description: A timeless and deep maroon, providing a rich and elegant foundation for your mobile application's design.

2. Soft Cream
   - Hex Code: 
                            
                            #FFF1E0
                        
   - Description: A light and airy cream color that contrasts beautifully with maroon, ideal for background elements and promoting content readability.

3. Slate Gray
   - Hex Code: 
                            
                            #708090
                        
   - Description: This neutral, muted gray works well for text and secondary elements, offering a modern and balanced visual weight against the maroon.

4. Dusty Rose
   - Hex Code: 
                            
                            #C99A8E
                        
   - Description: A subtle and warm complement to maroon, Dusty Rose adds a touch of softness and refinement to the palette, perfect for highlights and accents.

5. Midnight Blue
   - Hex Code: 
                            
                            #003366
                        
   - Description: A dark and intense blue that harmonizes with maroon to provide a sophisticated and professional color scheme suitable for various interface elements.

Palette Description:
The "Maroon Elegance" palette provides a sophisticated and modern color scheme for a mobile application. It's centered around a classic maroon, which exudes a sense of luxury and depth. Accompanied by a soft cream for a clean background, a neutral slate gray for text, a warm Dusty Rose for accentuating details, and a deep Midnight Blue for additional contrast and seriousness, this palette is well-suited for applications targeting a mature and discerning audience, or for those designed with an emphasis on elegance and poise.