Can Greaseproof Paper Be Used for Baking?

I recently purchased greaseproof paper but I'm unsure if it's suitable for baking purposes. I've heard conflicting opinions about whether greaseproof paper can withstand the heat of an oven without causing any issues such as burning or sticking.

Can anyone in the forum community provide guidance or share their experiences with using greaseproof paper for baking? Your insights would be greatly appreciated!