Absolutely. As a matter of fact it is a stain and a sealer all in one. You can’t ask for more! If you wish to use shellac as a stain, simply take Super Blonde, which is the clearest of all grades, and mix the required alcohol based aniline dye till the desired color is achieved. Here is an example. The drawer pulls on my tool chest are Maple  but  tinted  as  Walnut.