For non-critical application it will do the job - I made my first ladder using sisal rope.
But I would not recommend it.
But for true PPE you need properly rated rope, there is a huge difference in breaking strain, elasticity, resistance to wear, abrasion, chemical/sunlight UV damage and so on.
You could also use old electrical cable, knotted sheets, vines and creepers amd many other things, the only requirement being that it is flexible, fairly strong and long enough.
And of course if you are seen using the wrong sort of rope people will tutt at you and shake their heads!
General accepted practice is to use old 'date-expired' caving rope for handlines, but having said that I have seen many manky bits of old polypropylene rope in caves and mines.
It's fine for pulling up on as an assist where there are no good hand-holds, but I sure as hell would not lean out over a proper drop holding onto it as it frays badly!