I think the correct answer is that is not your real VO2 max.
In order to run a 14:23 you would have to have at least a 71.33 VO2 max
most people get the VO2 backwards in thinking it predicts performance. It does not. It says in order to achieve this performance you have to be able to process X amount of Oxygen. As I said your has to be at least 71.33.
I still wouldn't read too much into a low reading. The real race is run in minutes and seconds - how long it takes you to complete a race; no one ever ask for your VO2 max at races or figures that into the final results.
As far as using it for training - ok. If you want to boost your VO2 max - Vigil says mile repeats are the best way to do this. I also think doing aerobic volume is a valuable component. And tempos. I achieved my fastest races on low mileage (25-40 miles per week) over a 9-12 month period doing most tempos (8-10 mile runs). This might be a little long for you - but at least shoot for 5-8 range = the pace can vary. These is no need to think you have to be running X pace to get benefits (mine were in the range of 5:20-5:40 mostly to get to 23:45 for 8k). But you run whatever pace your body gives you = meaning monitor your breathing as it is the best indicator if you are going too fast. Tempos should be relaxed and quick. You should feel refreshed afterwards not wiped out.