Certainly. To go a little further I would hope that it's not something coopted to salve one's situation, but rather to gain clarity on what your issue might be exactly, and what you might do to resolve it -- whether that means altering the arrangement of your time, or finding a new job, starting a family, going back to school, picking up a new hobby, or quitting everything and joining a monastery.

It can be useful to "quiet the mind", and observe what you are actually thinking and feeling. Sometimes the noise of day-to-day living can be all-consuming -- enter some platitudes about "life passing you by".

I agree with the danger of applying it as if it's that you just have to temper your desires and placate yourself, while thinking that it's only some sort of neuroticism that is causing any suffering in the situation.