To add to L. Dutch's answer, there are fish with strange double eyes. The part of each eye which is usually above water seens well in air, while thepart of the eye which is usually below water sees well in water.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1771291/
Anableps anableps, the largescale four-eyes,2 is a species of four-eyed fish found in fresh and brackish waters of northern South America and Trinidad. This species grows to a length of 30 centimetres (12 in) TL. This fish can occasionally be found in the aquarium trade. The fish does not actually have four eyes, but instead each eye is split into two lobes by a horizontal band of tissue, each lobe with its own pupil and separate vision. This allows the fish to see above and below the surface of the water at the same time.1
https://en.wikipedia.org/wiki/Anableps_anableps
On Earth, some animals, like humans, rely mostly on their vision, while other animals rely mostly on hearing, or on smell, or taste, or touch.
If those aliens spend much time in low light environments, sound and hearing might be more important to them than vision. And if they spend a lot of time partially submerged, they might need to hear well in both water and air, possibly in both at the same time.
I note that sounds travel much better in solids, or liquids like water, than they do in air.
I hear my voice transmitted from my vocal cords thorugh my head to my ears, and it sounds good to me. But other people hear my voice through the air. And when I hear recordings of my voice, transmitted through the air, it sounds a lot different and much worse.
So one, presumably minor, side effect of having ears for water and ears for land, might be to help the aliens know the difference between how their voices sound in air and in water.
On Earth some animals which rely a lot on their hearing don't just wait to hear sounds. They generate sounds constantly, and by hearing those sounds reflected from objects in their environment they know where objects are. They echolocate.
So you might want to research how bat ears work well for echolocation in air and how dolphin and toothed whale ears work well for echolocation in water.