>But this mode just allows you to trace device via IP geolocation since macbook never had GPS module like iphones do, so this geolocation is not accurate enough and not useful. You will just see the city or district located from ISP.

That's not quite true. IIRC, even without a GPS module, macOS sends a list of nearby WiFi APs to the geolocation API, which usually allows for a pretty accurate response (the same you'd get on an iOS device indoors without GPS reception)