Certainly not the most practical variant, but quite possible. You may have to fix the joystick a little better, because you probably "pull" on it more than a simulation pilot. Furthermore, it should be noted that "letting go" could cause the joystick to wobble back and forth minimally while centring. Saying: Adjust the deadzone. (Or use your own physical construction to prevent the stick from overshooting the centre point).

There are people who have "converted" this joystick to a handbrake in order to have an even better feeling or immersion. However, a lot of things can get broken in the process and the warranty will probably be voided.

-> Yes it works.
-> You wouldn't be the only one.

It's up to you whether you're happy with it or annoyed that you didn't save up for a "real" one.