Why not? It's not an "adjustable zener", whatever that means; it's a proper op-amp.
Albeit a somewhat quirky one: whopping (yet suspiciously stable) 2.50V input offset voltage, too few pins (+in is tied with VEE), self powered through the output -- which is an open-collector output, too?
It's rated for 36V and 100mA so quite capable of real power, limited by package dissipation more than anything. The OC output limits operation to class A, of course.
Another way to think of it: an ideal BJT, if a slow one (fT ~ low MHz). Precision Vbe, hFE > 25k (practically infinite). Acts more like a precision Darlington actually, as "Vce(sat)" isn't very low (about 1.9V). Effectively, internal Baker clamped. (Don't know offhand what saturation recovery and rise/fall time are like, aside from multiple ~us.)
Tim