Reply by PurpLev

no it cannot.

plywood panels rely on their width and length to maintain stability (warping/twisting). once you cut it into narrow strips it loses that ability as it doesn’t have enough long grain in the long direction and there really isn’t any structural grain structure in any direction to begin with.

speaking from experience, rail&stiles made of plywood will warp beyond your wildest dreams.

you could try to stabilize it with a THICK panel, but you’re better off going with hardwoods to begin with and not take that chance

-- ㊍ When in doubt - There is no doubt - Go the safer route.