Update pytest-timeout to support python >= 3.12

[mjvankampen]

Problem

I could not run unit tests because pytest-timeout relies on distutils which was removed in python 3.12

Solution

Updated pytest-timeout

Type of Change

• Bug fix (non-breaking change which fixes an issue)
• New feature (non-breaking change which adds functionality)
• Breaking change (fix or feature that would cause existing functionality to not work as expected)
• This change requires a documentation update
• Infrastructure change (CI configs, etc)
• Non-code change (docs, etc)
• None of the above: (explain here)

Test Plan

Run all unit tests. Does not impact the actual client.

[jhamon]

Looks good, thanks.