Looks like the pith of the branch. If it fills the space, run water-thin CA into it to firm it up in place, and leave it. I probably put a full ounce of CA into a piece I turned yesterday after chores and between shows. It's important to firm things up before you have a random event chip the edge out, or before something otherwise loose, but held on the surface falls out while turning. Jump right on cracks and holes you want filled.
I use bark to stuff around knots. Other folks are, as you can see, are all artificial, even unnatural in what they use, such as contrasting colors and materials. The knot in this waste of time is almost entirely fill. The punky pith is reinforced with CA and packed shavings, the bark surrounding is now a mixture of birch and hard maple bark, and there are a million small cracks that are either still there, filled, or have been filled and cut away en route to what you see. I used cherry dust where the wood is red, birch dust where white, and it's got a chance if I can get my polyurethane slurry to stick in the remaining gaps. See the pits in the highlight area?
Question is why I bothered with such a punky piece in the first place.
Note the advice to put a tape barrier behind your patch if reachable. I know better, but didn't do it on first internal fill, and flung CA all over the freshly sanded outside. That and many other frustrations involving punky or cracked wood makes me wonder how the bowl isn't blue. The air was.