thats an antiquated name, lol
Better known as Ligroin, its a petroleum ether fraction that boils from 60-110°C
If you put the exact name, the manufacturer, and MSDS in google you may find an MSDS that gives more precise boiling range.
But yes, if a sample evaporates without leaving residue it will work for extractions that prefer less polar solvents. It would not be effective for more polar things like caffeine or mescaline, for instance.
And yes, its as explosive as gasoline- be careful.