Yes, but results are limited because your starting file is already a remapped image. If this image came from a fisheye shot that was converted into an equirectangular 360x180 panorama, the best approach is to start from the original fisheye image instead of the already-remapped version.

If you only have the spherical/equirectangular image, you can still try reprojecting it in panorama software such as Hugin:

• load the image as an equirectangular source
• set the lens/projection type to equirectangular
• use a 360° horizontal field of view if appropriate
• remap/export it using a rectilinear projection

In Hugin, this is done by importing the image as equirectangular, then choosing a different output projection on the Projection tab.

Expect to zoom in and crop fairly tightly. A rectilinear view can only cover a limited angle before stretching becomes extreme, so you usually extract a smaller “window” from the spherical image rather than converting the whole thing cleanly into a normal photo.