Short answer: open System Settings when you are looking for Control Panel on Mac.

Some older Mac pages and older macOS versions use the name System Preferences, but current macOS uses System Settings.

How to open System Settings

Choose Apple menu > System Settings, or search for System Settings with Spotlight.

What System Settings does

System Settings controls Mac preferences such as Wi-Fi, displays, keyboard, trackpad, privacy, accessibility, users, software updates, and connected services.

How Callsign helps with the name mismatch

Callsign creates a visible alias named Control Panel in a folder you choose. When you use that familiar name, it opens System Settings. The alias is a normal visible file, not a background service or system modification.