How does the “VR Content” redeem code work on PS5?

According to the Player Guide on official website,ioi said

we’re including a free digital copy of the PS4 version of HITMAN 3 with all PS5 copies, whether you choose to buy it via disc or digital.

I am not sure what「a free digital copy」means,is it a normal digital version?
If i redeem the code,can i play HITMAN 3 without any disc on PS5?
Can i play both PS4 & PS5 version without any disc on PS5?
Can i play HITMAN 3 on PS4 ?(after redeem the code on PS5)

(I am a digital version player,only have digital H2+H3 on Xbox and digital H1+H2 on PS4,just interested in the definition of “a free digital copy” of PS5 Physical Editon)