Still not sure why just using Disk Utility isn’t the easiest option.
To quote @Protocol_7:
As for this image, judging by the file size (it isn't a multiple of 2352 which is the sector size in bytes of a raw image) I'd hazard a guess that this was ripped with Disk Utility to a .cdr file and renamed. In the past you could use it to rip a disc to CD/DVD Master format (.cdr) and this would be the same as a .iso.
But somewhere along the way DU wasn't using the necessary elevated access to read the disc to a non-raw file and started making raw images instead. That would explain why whoever ripped it thought they had made a regular iso.
Essentially, like with Toast (only moreso), Disk Utility messes with the image headers; more recent versions of Disk Utility appear to lean on the fsplugin architecture to build the header, and if it can't find the correct fsplugin, it just writes a raw data stream with no headers at all. The result is an image file that lacks the extra data required to accurately re-create the original disc. Often, this isn't an issue, when the disc just contains a single HFS partition, for example. But when it contains multiple tracks (mixed mode, HFS+Joliet, multiple HFS partitions, boot partitions, etc.), the information regarding the layout of those tracks (block size, slack space, gap size, etc.) gets lost, resulting in images that, when loaded in an emulator or burned back to CD blank can't boot, or can't play audio tracks, or only load the last partition on the image, etc.
You can think of it as a BIN/CUE pair, but missing the CUE file.
DD, when used with standardized parameters, can create an image that preserves the raw data and the track layouts, on OS X 10.2 through macOS 26, which is useful for archival purposes.
[edit] Also, in the case of Apple official media, we found that there's a bunch of interesting stuff encoded into the disc header data on the original Apple discs, and if you just read off the raw data stream from the disc, this stuff can get missed, meaning we don't get to see interesting details like who submitted the original image for duplication, what date the CD was pressed, etc. -- and if we're trying to match the image with a checksum value but the original data is overwritten with "Imaged by Toast 2.0" or is totally absent, the checksum will change.