The Select Application Page of the License Server Wizard is used to select which ASP.NET application while host the generated ASP.NET XML Web Service.
Select Browse to locate the Web.config file of the host ASP.NET application.
If a copy of the application resides on the local network you can select that one and then copy the changes to the live server after testing. If there is no local copy you can simply create an empty folder and copy an empty Web.config file to that folder and run the wizard. After the wizard is finished, copy all the changes to the remote server.
See the License Servers in DeployLX topic for more details.