Mycorrhizal fungi is good. But azaleas need very specific mycorrhizal fungi, namely ericoid mycorrhiza.
en.wikipedia.org
This product likely has mycorrhizal fungi spores for pines or oaks, or grasses, etc namely arbuscular mycorrhiza.
The species you want for azaleas are Oidiodendron and Hymenoscyphus spp.
There are ericaceous fertilizers that claim they have the correct mycorrhiza. However, it is about viable spore counts of the right species. It seems very hard for consumers to check this.
It may also be that these fungi are ubiquitous and in the air and in the soil anyway. Because you have native ericaceous plants. And the mushrooms of these fungi produce plenty of spores.
Not sure how these Oidiodendon species work. Not too much general info and I don't want to dig further into the scientific literature.|
I can't tell you if all Oidiodendon species are ericoid mycorrhiza. But it seems that they might. And that they are also able to live fine without any plant symbiosis. Including in rare cases living inside our skin.
Best option to make sure your azaleas have the right ericoid mycorrhizal fungi might be to find a spot where native blueberries or azaleas or heath or heather plants grown, and collect some soil from there. And inoculate.
I do now use a ericaceous plant compost that is advertised to contain ericoid mycorrhiza for my potted azaleas. Many look excellent. But, I am not sure if it really matters.
I suspect that with good plant management, the azaleas do not even need any ericoid mycorrhiza. It is either that. Or they are ubiquitous and there no matter what you do.