Yep! It will work as a normal USB-C Ethernet adapter, but due to the form factor, there is risk that you can apply an excessive amount of torque to a normal USB-C receptacle if the Ethernet cable gets pulled.
It doesn't seem like a great option compared to a normal USB-C or A ethernet dongle because of that. Those are slim enough that they're basically a continuation of the ethernet cable and as a benefit also unplug when yanked. This one doesn't even fit within the normal adapter form factor of the framework.
