Yes, it's fine for that. You can set up formatting, styles, fonts etc, insert pictures, headers, footers, tables and so on. Multi-column format too is OK. Some formatting options are bizarrely not available - Pages can display superscript and subscript but there's no way to insert them (there is a workaround if you really need to do this), similarly it can display footnotes and endnotes, but there's no way to insert them. It can import .doc and .docx and export in .doc (but not .docx) and .pdf format (but it can't import .pdf).
For basic documents it's OK. I have a Bluetooth keyboard and it's great for getting the bulk of a document into Word format and then exporting it to my PC for tidying up and any complex formatting (say, Table of Contents, for example) that Pages can't handle.
Tim
Scotland