The I^6 chord, also known as the first inversion of the tonic chord, is formed by rearranging the notes of the triad so that the third of the chord is the lowest note. In this context, the I^6 chord consists of the tonic's third, fifth, and root stacked in that order. This inversion creates a unique sound and helps to smooth voice leading between chords, contributing to a more connected harmonic progression.