OCaml libraries should be installed in <literal>$(out)/lib/ocaml/${ocaml.version}/site-lib/</literal>. Such directories are automatically added to the <literal>$OCAMLPATH</literal> environment variable when building another package that depends on them or when opening a <literal>nix-shell</literal>.
Given that most of the OCaml ecosystem is now built with dune, nixpkgs includes a convenience build support function called <literal>buildDunePackage</literal> that will build an OCaml package using dune, OCaml and findlib and any additional dependencies provided as <literal>buildInputs</literal> or <literal>propagatedBuildInputs</literal>.
Here is a simple package example. It defines an (optional) attribute <literal>minimumOCamlVersion</literal> that will be used to throw a descriptive evaluation error if building with an older OCaml is attempted. It uses the <literal>fetchFromGitHub</literal> fetcher to get its source. It sets the <literal>doCheck</literal> (optional) attribute to <literal>true</literal> which means that tests will be run with <literal>dune runtest -p angstrom</literal> after the build (<literal>dune build -p angstrom</literal>) is complete. It uses <literal>alcotest</literal> as a build input (because it is needed to run the tests) and <literal>bigstringaf</literal> and <literal>result</literal> as propagated build inputs (thus they will also be available to libraries depending on this library). The library will be installed using the <literal>angstrom.install</literal> file that dune generates.
Here is a second example, this time using a source archive generated with <literal>dune-release</literal>. It is a good idea to use this archive when it is available as it will usually contain substituted variables such as a <literal>%%VERSION%%</literal> field. This library does not depend on any other OCaml library and no tests are run after building it.