Finder and the rest of MacOS deal with mountable Volumes, not bare drives.
If this is the FIRST time you have used this drive, or the first time you have used it on your Mac, you will likely need to initialize/ERASE the drive and create a Mountable Volume on it.
The most common format used by macOS after 10.13 High Sierra and later is GUID and APFS.
If you need to interchange with Windows, some users find exFAT more easily readable on a PC, but somewhat slower on a Mac.
if this is intended to be a Time Machine drive, more recent versions of MacOS automate initializing the drive for Time Machine, Ince you inductee this is the drive you wish to use for Time Machine. I honestly do not know what 10.15 Catalina does.
Initialize an external storage device in Disk Utility on Mac - Apple Support