By @user2345215's comment, the group $G$, defined by the presentation in question, is also defined up to isomorphism by
$$\langle a, y\mid y^2, y^{-1}a^2=a^{-2}y\rangle,$$
where $y=ab$. This presentation is equivalent (via Tietze transformations) to
$$\langle a, y\mid y^2, y^{-1}a^2y=a^{-2}\rangle,\tag{P}$$
which defines the group
$$\boxed{\operatorname{BS}(2, -2)/Y,}\tag{1}$$
where $\operatorname{BS}(2, -2)$ is a Baumslag-Solitar group and $Y$ is given by the normal subgroup $$\langle y^2\rangle^{\operatorname{BS}(2, -2)}$$ of $\operatorname{BS}(2, -2)$ generated by $y^2$.
Since $G$ and $(1)$ are defined by equivalent presentations, they are isomorphic.
NB: I could be wrong.
NB 2: I think $(\text{P})$ could be rewritten as an amalgamated free product. That might define a better (or even more accurate) group that $G$ is isomorphic to.