A high Jacobsen index indicates a tree with many short internal branches, which may be the result of a rapid radiation of taxa or a high rate of character evolution. A low Jacobsen index indicates a tree with few short internal branches, which may be the result of a slow radiation of taxa or a low rate of character evolution.
The Jacobsen index is often used to compare the relative branchiness of different phylogenetic trees, and can be used to assess the fit of different evolutionary models to a given dataset.