Cannot use "ProjectName (Debug) (ProjectName)" debug configuration in VSCode on Mac with binary Engine installation

Attempting to debug in VSCode on a Mac using the ProjectName (Debug) (ProjectName) configuration fails due to a missing precompiled file in the binary Engine installation.

REGRESSION:
No. The same behavior occurs in 4.20.3

SETUP:
This requires a Mac that has VSCode installed.

REPRO:

1. Create a new Basic Code project.
2. Set the project to use VSCode.
3. Close the Editor (and Xcode, if it opened).
4. Open the VSCode project.
5. Click the Debug tab.
6. Start debugging using the ProjectName (Debug) (ProjectName) configuration.

RESULT:
The debug process fails to start with the following error message: ERROR: System.IO.DirectoryNotFoundException: Could not find a part of the path "/Users/Shared/Epic Games/UE_4.21/Engine/Intermediate/Build/Mac/UE4/Debug/Launch/Launch.precompiled".

EXPECTED:
The debug process starts successfully.