Can i use this instead of parchment paper to line the bottom of a cake pan?

im tring to bake a cheese cake.. i never baked a cheese cake before.. but when i bake regular cakes, i use butter or margarine on the bottom of the pan. and after that i sprinkle floor all over the pan.. its a nice and easy home made way to keep the cake from sticking to the pan.. but i dont know if the method will work with cheese cake?