Virtual copy
A virtual copy is a second version of a photo in Lightroom Classic without an actual file being duplicated. You can apply a different edit to it, colour next to black and white for example, without using extra disk space. The original simply stays as it is.
Ideal for trying out variants of a look or preparing a photo in several styles for different purposes. The virtual copy points to the same RAW file, only the instructions differ. You can stack copies to keep them tidy together. Tip: make a virtual copy before trying a drastic black and white conversion, so you keep the colour version safe without a doubt.
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The presets on this site set these adjustments up for you as a starting point, which you then fine-tune to taste.