Can I use HDD WD RED like a HDD WD BLUE?

Can I use this product HDD WD20EFRX like a normal HDD (blue) in my PC?
Can I install on it OS Windows7 ?
Does it have more advantages over a normal HHD (blue) if I use it in my PC?

I bought one and do not know whether to keep it or to replace it


Should be ok. What’s the difference in cost between the BLUE and RED drives?