Nope. Diving with one of those can give you a false feeling of buddy contact encouraging you to get too far apart. Stay with your buddy. And if you're thinking of using one to summon help, don't count on that either - as you and your buddy are often all the help you can hope for.
And once buddies start drifting apart, even though you can hear the horn, if viz is low you can't tell where the sound is coming from and at that point it's like having no buddy at all. You are on your own.