On macOS, the location is the same whether you use the older app or the newer Finder (macOS 10.15 Catalina and later).
Knowing the iTunes backup location can be useful in several situations: itunes backup location
General Reference / IT Support Date: [Current Date] Subject: Identification of default directories for Apple iTunes device backups On macOS, the location is the same whether
[Your Name / System] For verification: Always test backup integrity via iTunes > Preferences > Devices before manual folder operations. Devices before manual folder operations.