The exposed wood is a place of penetrations of fungal diseases, so I would definitely trim this branch. But since the branch occupies a significant part of the tree, I agree with kumin, and I would trim it later. Moreover, the tree has just been planted. I would do this: In the spring, I would break a branch so that it would be lower than the rest of the branches of the tree. Then its foliage would participate in the development of the tree. But since the branch would be tilted down, it would not develop, and the tree would take away nutrients from the wood. And in the autumn it would be possible to prune.
And use a garden var. If it is applied immediately after pruning, the wood on the cut will not cork and the wound will heal well without creating dead wood inside.