If you are referring to the synthetic paste wax TW Ice that is labeled as a polish on its own packaging, I have used it with good results. It's a good synthetic wax that won't stain trim, and in fact I use specifically on my trim many times. I can't speak to its longevity as I am always using a wax-as-u-dry spray wax after car wash, so none of my waxes ever really wear out. Eventually I'll just want to try a different one and remove the previous one, which is the only way any of my wax jobs ever comes to an end on my car.
If it is the 'polish' you have, don't pay any attention to that label. I don't know why it's labeled as such, but it is clearly a synthetic wax. Reading the directions for application can quickly confirm that. Either way, don't put it on a DA polisher pad and expect to remove clear coat swirls because their is no abrasives in it like a real polish would have. It would only lay down a thick coat of synthetic wax if you were to do that.