You can try mounting it with a different name in order to see what it contains.
I don't know if you will regain the missing space because I don't know how you ended up with two seemingly identically named APFS volumes within the same Container which I would not think is even possible to do. If the ghosted out volume contains a copy lots of data, then it should free up the space. I don't know if this is just a mirror image of the main "Macintosh HD - Data" volume or not as I have seen Disk Utility display some weird things recently.
If you have a good backup, then there should be very little risk to attempting to delete this volume. Worst case you will need to perform a clean install of macOS by first erasing the entire physical SSD before installing macOS and migrating from a backup (Intel Only). If you have an M1 Mac, then you may need to perform a firmware "Restore" which requires another Mac capable of running macOS 10.15+, although you try to follow Apple's instructions to delete all the volumes (and Container?) although Apple's instructions can be sometimes be insufficient and/or misleading (may depend on the Apple article you use as a guide). In your case the firmware Restore would be best since I have never tried to delete all the volumes or the Container on an M1 Mac.