Update python bindings build script

[christian7007]

Description
Python binding build script shows the warning below while installing the library:

SetuptoolsDeprecationWarning: setup.py install is deprecated. Use build and pip and other standards-based tools.

It would be nice to update the script to avoid using deprecated tools.

Additional Context
Error shown when building for Ubuntu 22.04.

Progress Status

• Code commited
• Testing - QA
• Documentation (Release notes - resolved issues, compatibility, known issues)