In the Finder View menu, select Show Path Bar. In an open Finder Window, locate Tags on its sidebar and when you pass a mouse over the Word tags a > symbol will appear. Click and that will display your tags. It is important to do this before you launch Word and use the File Open… menu item. Because, when you open that panel with Tags previously shown in a Finder sidebar, they will also be active on this File Chooser sidebar. True in Word v16.100.2 as I just tested this on Sequoia v15.6.1.
When you locate a file, click once on it and the Path Bar will display the file path at the bottom of the panel window. Those elements of the Path Bar are also selectable. You can also click once on a file in this window and press the spacebar to display it in a Quick Look window incase you are uncertain of its contents. This will not display exactly as Word would when it is opened in Word.
Something else you can do even before you launch Word is to search for the Word documents via Apple's Spotlight which can be used in a Finder Window search field, or from the 🔍 on the Apple menu bar. Spotlight uses case-insensitive and non-wildcard searches. For instance:
kind:word name:kant created:08/01/2025-08/30/2025 author:anon
would find every Word document with "kant"in its name created in that date range whose author name contains "anon" (e.g anonymous). This is expanded upon in: Narrow your search results on Mac - Apple Support
You may find: Mac User Guide - Apple Support useful. Try not to expect the Mac to work like Windows, but rather learn to use the Mac as it was intended. That link will help.