This is in fact called a harmonic quadrilateral. It is a topic related to projective geometry and cross ratios.
A cyclic quadrilateral ABCD is called harmonic if AB/BC=AD/DC. Harmonic quadrilaterals appear a lot in geometry especially in competition wise problems.
There are a lot of interesting properties of harmonic quadrilateral based on your diagram, maybe you can try to prove a few of them.
1)Consider the midpoint of AB, call M. DC is in fact the reflection of DM over the angle bisector of BDA. (DC is called the D symmedian of triangle DBA)
2)Let DC intersect BA at Q. We have:
(BQ/QA)=(DB/DA)^2
3)The circumcircle of triangle PBA, passes through the midpoint of DC
4)Let M be the midpoint of AB, AB is in fact the angle bisector of angle DMC
5)Let DC intersect BA at Q. We have (PC/CQ)/(PD/DQ)=1. This is actually called a cross ratio and in projective geometry it is denoted as (P,Q;C,D)=-1 and we call P,Q,C,D a harmonic bundle.
6)Draw the tangents to the circle at C,D, and let T be the intersection of the two tangents. In fact, T,A,B are collinear
To find out more, the keywords are Cross Ratios, Harmonic Bundles, Harmonic Quadrilaterals. I have linked a source below if you are interested to find out more about this.
https://alexanderrem.weebly.com/uploads/7/2/5/6/72566533/projectivegeometry.pdf