That is sulfuric acid and sugar, it doesn't always react that way but sure it will usually produce some heat.
But for explosives like C4 you need a lot of heat and a strong shock wave not a bit of heat and no shock wave, yet in the game 1 drop of acid sets off an entire bundle of C4 (though so does a touch of fire...).
It seems most of the debate about acid is what type it is and what reactions that type has, maybe we should just go for "whatever is useful in game" instead?