Yes. This is not a btrfs feature, it’s just a partitioning scheme. Lots of people keep their /home on a different partition for easy portability.
Example: you have two 1TB nvme drives on your machine, and you’re planning on downloading a lot of games from Steam, but also might switch distros. Separate /home partition allows you a simple space to do all this, and also wipe out your OS installed on the / drive, and install a new one. Just have to mount your existing/home during, or after installs.