I take it you mean the yellow Hill Decent Control button
This is from the Owners Manual of a Discovery TD5, you don't mention what vehicle you have
HILL DESCENT CONTROL
Hill Descent Control (HDC) operates in conjunction with the anti-lock braking system to provide greater control in off-road situations particularly when descending severe gradients.
To select HDC
HDC can be selected with the vehicle in any gear, but will only operate when low range gears are engaged with the vehicle travelling at less than 50 km/h, and the clutch is engaged (manual gearbox vehicles).
Press the switch (illustrated above) to select HDC.
If low range gears are engaged, the HDC information light (GREEN) on the instrument panel will illuminate (if low range gears have NOT been selected, the light will flash).
To deselect HDC, press the switch a second time (the information light will extinguish and a single warning sound will chime).
Hill descent control in action During a descent, if engine braking is
insufficient to control the vehicle speed, HDC (if selected) automatically operates the brakes to slow the vehicle and maintain a speed relative to the selected gear and the accelerator pedal position.
When driving off-road, HDC can be permanently selected, to ensure that control is maintained whenever low range gears are engaged. ABS and traction control are still fully operational and will assist if the need arises.
NOTE: With HDC selected, gear changes can
be carried out in the normal way.
If the brake pedal is depressed when HDC is active, HDC is overridden and the brakes will perform as normal (a pulsation might be felt through the brake pedal). If the brake pedal is then released, HDC will recommence
operating if necessary.
If the clutch is depressed for longer than 3 seconds while HDC is operating, the HDC information light will flash. If, after 60 seconds the clutch is still depressed, the information light extinguishes and the HDC
failure warning light flashes as the system gradually fades out (see HDC fade-out).
In extreme circumstances, the HDC system may cause brake temperatures to exceed their pre-set limits. If this occurs, the HDC failure warning light (AMBER) will start to flash and the warning chime will sound continuously.
During this time HDC will function as normal.
Hope this helps