Papañca means proliferating with ignorance.
For example, SN 22.81 says 'contact' in dependent origination is contact'contact with ignoranceignorance' ('avijjāsamphassajena').
For example, MN 18 says papanca (arising following contact, feeling & perception) is/results in vexation & suffering.
SN 22.5 says the word 'samudaya' ('arising') means when the mind continues to keeping clinging to desire the five aggregates. Therefore, the word 'cessation' means when ignorance, desire & clinging cease.
Suttas such as MN 140 say a Buddha does not die ('marana') because their mind is free from conceiving 'self'.
The 1st noble truth summarizes all suffering as attachment (upadana).
Since MN 18 says papanca is vexation & suffering, papanca must be similar to attachment.
AN 4.176174 says the cessation of sense contact is appapanca or non-papanca. AN 4.176174 accords with the definition of cessation in SN 22.5, namely, the cessation of ignorance & attachment towards the five aggregates & sense contact.
AN 4.176174 may also sayssuggest views about Buddhas & death are papanca. They are certainly papanca because the word 'death' ('marana') does not apply to Buddhas (refer to SN 22.85).
Therefore, papanca meansappears to mean mental proliferation that produces suffering and is characterized by wrong views.
Papanca doesappears to not simply mean thinking, conceptualisationconceptualization or differentiating. Papanca refersappears to refer to ignorant thinking & foolish proliferating.