HDRP shader variant does not appear in Build when used by Addressables

Reproduction steps:
1. Open the attached “TestHDRPBug.zip“ project
2. Open “SampleScene” scene
3. Build and Run the project
4. Press the 'S' key which changes the current HDRenderPipeline and observe the Build window and Development Console
5. In Editor find GameObject "TestBugCube" and add HDRenderPipeline asset "TestHDRPAsset" to "TestHDRP Bug Script" Component field "Empty Slot For Hd Render Pipeline"
6. Build and Run the project
7. Press the 'S' key and observe the Build window and Development Console

Expected result: All objects are visible in Build
Actual result: Objects are not visible, Build window is black and there are errors in Development Console

Reproducible with: 2021.3.15f1, 2022.1.24f1, 2022.2.1f1, 2023.1.0a22
Could not test with: 2020.3.42f1 (Due to errors in Development Console)

Reproduced on: macOS Monterey 12.6 (Intel)