Solution
Thunderbolt™ technology is a cable connection interface developed by Intel over the last decade and Thunderbolt 4 and 5 is are newer Thunderbolt™ protocols, than the PXIe-8301.
If the device supports Thunderbolt 3, it'll support Thunderbolt 4 as well, because the latter is backward compatible with Thunderbolt 3 and they also have the same connector. However, there is an exception to this rule. Systems that use a Maple Ridge based internal controller with Thunderbolt™ 4 ports aren't compatible with the PXIe-8301.
Likewise, due to the PXIe-8301's compatibility with PICMG CompactPCI Express EXP.0 R2.0, the data transmission is done differently as compared to the Thunderbolt™ 5 protocol. Thus, a PXIe-8301 is not compatible with a Thunderbolt™ 5 cable.