For close micing of guitar cabinets and snare drums, yes.
For recording vocals, no. The SM58 is better in that capacity, as it is known for its abilities to pick up high frequency transients that the human voice has.
However, save up a little more cash, you can find yourself able to purchase something like this:
https://www.carvinguitars.com/products/single.php?product=CTM100
Because, unfortunately, if your vocals are recorded using crappy mics or using a microphone not meant for that job it's being used for, there is no way of fixing it "in the mix." It will always be your weak link in the chain.