Can `useDeferredValue` be built on top of `useTransition`?

useDeferredValue.js

import {useEffect, useState, useTransition} from 'react';

export const useDeferredValue = (value) => {
	const [, startTransition] = useTransition();
	const [deferredValue, setDeferredValue] = useState(value);

	useEffect(() => {
		startTransition(() => {
			setDeferredValue(value);
		});
	}, [value])

	return deferredValue;
};