Yes, as a dependable mid-value stainless. Sandvik 12C27 runs about 0.6% carbon and 13.5% chromium at 56 to 59 HRC. Corrosion resistance is very good, edge retention is moderate and roughly in the 420HC class, toughness is good, and it sharpens easily.
12C27 is a Sandvik classic and the lineage predecessor of 14C28N. It has been used across Scandinavian and Western production cutlery for a long time, which is the best kind of evidence a steel can have.
Nothing about it is dramatic. It is a clean, fine-grained stainless that does the job and comes back easily.
Against 420HC it is broadly similar in edge holding with slightly more carbon. Against 14C28N it gives up a little toughness and corrosion resistance, which is exactly what Sandvik set out to improve when they developed the newer grade.
Against 8Cr13MoV it is a wash on paper, with the difference showing up in grain consistency rather than in a specification line.
Outdoor and bushcraft knives, kitchen knives, and anything that gets wet. Its combination of corrosion resistance and easy sharpening suits a knife you actually maintain yourself in the field.
Keep the angle moderate and strop it regularly and it will stay sharp with very little effort.
The grid below shows Sandvik 12C27 listings from Böker Plus, chosen from the catalog when this answer was written. Each one carries Sandvik 12C27 in its own specification table, and its price is read from the live catalog every time the site is built.
The full reference entry, with the published composition and hardness range and every listing we carry in it, is Sandvik 12C27 in the Steel Lab.