This is the LegacyExchangeDN, used internally by Exchange. It's also used by Outlook for replying to messages, and common cause of IMCAEX-related NDRs.
It's perfectly valid for sending messages via Exchange Online, including via the Graph API's methods. But the attribute itself is not exposed via the Graph API methods, such as /me or /users, so you cannot use the Graph to convert it to a "regular" email address. The only supported method to do that would be Exchange PowerShell, where you can query for recipients based on the LegacyExchangeDN value, and then "resolve" it to one of the email addresses:
Get-Recipient "LegacyExchangeDN " | select -ExpandProperty EmailAddresses
If you want to learn more about this attribute, here's a nice article from Michel: https://www.enowsoftware.com/solutions-engine/exchange-center/bid/151745/the-attribute-the-myth-the-legacyexchangedn