This is kind of non-trivial because you want to nest, but it should go something like:
function insert_using_keys($arr, $keys, $value){
// we're modifying a copy of $arr, but here
// we obtain a reference to it. we move the
// reference in order to set the values.
$a = &$arr;
while( count($keys) > 0 ){
// get next first key
$k = array_shift($keys);
// if $a isn't an array already, make it one
if(!is_array($a)){
$a = array();
}
// move the reference deeper
$a = &$a[$k];
}
$a = $value;
// return a copy of $arr with the value set
return $arr;
}