Will this paint thinner work for bearings?

When in doubt just try an evaporation test; place a small amount of the paint thinner in a clear glass or bowl and let it evaporate (shouldn’t take too long, paint thinner evaporates quickly). If there is any residue or film leftover on the glass once the liquid evaporates then it probably isn’t great for cleaning a bearing since that residue will be left behind in the bearing.