Solution:
Ignorance all around

For the connection timed out issue to use for “testing”/verifying it is working, I needed to have 2 instances running, 1 with mongod and the other with mongosh running and it worked as expected

For the systemctl issue, the below command fixed the issue due to the reason @steevej mentioned

The issue is stemming from the fact I started mongod manually after the installation, this causes the incorrect file permissions for the usage of systemctl to function properly

sudo chown -R mongodb:mongodb /data/db

Thank you both @steevej and @Fabio_Ramohitaj for the assistance

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