Would this program allow me to transfer CD music to an MP3 or another device?
This is a CD authoring application means that it allows you to make copies of a CD/DVD, or create CD/DVDs from files on your PC. It doesn't have a conversion module that allows you to convert track music to MP3. You will need another application for that procedure.
Here is one that will help you convert CD tracks to MP3: https://www.dbpoweramp.com/dmc.htm