So, we got a code field with separated values like 'a_bb_ccc_dddd' and need the third value, that's 'ccc'.
I actually get the first with top N.
DECLARE @table1 TABLE (path VARCHAR(MAX));
INSERT INTO @table1 (path)
VALUES ('a_bb_ccc_dddd'), ('111_222_333_444'), ('')
SELECT
path,
(SELECT TOP 1 value
FROM STRING_SPLIT (path, '_')) AS part
FROM
@table1