This manuscript discusses the application of Conceptual Density Functional Theory (DFT) to understand chemical reactivity and site selectivity in molecular systems. It involves global chemical reactivity indices such as chemical potential, global hardness, global softness, electronegativity, and electrophilicity. Fukui Function (FF) and local softness are also explored for probing local reactivity and site selectivity. The concept of electrophilicity and its relation to the Fukui functions is discussed. In this vein, this work proposes to study the `philicity' concept and explore its relationship with Shannon's entropy, which is a measure of electron interactions in quantum chemistry. In this order of ideas, this work establish a relationship between philicity and Shannon's entropy and discuss how this can provide insights into chemical reactivity and the susceptibility of a molecule to react. Numerical results are presented for a set of molecules, and a comparison is made between the proposed philicity concept and well-known hardness indices. It is shown that philicity and hardness exhibit similar trends, suggesting that philicity can be a useful descriptor for chemical reactivity. Graphical representations of the electron density distribution, Molecular Electrostatic Potential (MEP), and Laplacian of the electron density for selected molecules are also provided to support the discussion. The numerical results and graphical representations demonstrate the potential usefulness of our proposal as a descriptor for predicting chemical reactivity trends in molecules.