Well I guess you could. I don't have one of them, so am not really familiar with how the operate beyond knowing it's a rather complex envelope/function module. I had a quick peek at the manual and it looks like it will do the job. There is a section in the manual with patch examples, including a description of a simple VCA patch. A real VCA or even a Low Pass Gate (LPG) will give you a more complete sound, but for the time being, the Maths module should get you though.
As to where to go next with creating a synth patch, I'd suggest doing a bit of reading (or watching) on modular synthesis basics. Most complete synths use "east coast" synthesis, which is like what I described in my first reply and is based on how Bob Moog laid out his modules, but then in the full modular world you will find the "west coast" synthesis ethic (based on Don Buchla's designs) is very predominant also. The differences are slight but do create different ways to route and modulate an audio signal. EG the differences in using a VCA with a VCF or just using a LPG to control audio dynamics and tone, or the use of an envelope generator vs a slope generator to modulate your VCA/VCF or LPG. Make Noise do tend to lean towards the west coast ethic, but not completely, so maybe focus on how they do it and you will get a nice understanding of both "coasts". Good Luck!