Yes this is how I use it and I love it. I think some IDEs havee similar capability but for vim users cscope is an great way to understand large code bases by quickly jumping through callchains. There's a 'Using Cscope with Vim' tutorial on the page that covers it.

Vim now also supports the more powerful vscode language servers. If you haven't done so already, I encourage you to give them a try.

Vim Youcompleteme plugin with libclang support does this better for me. Have you compared?