Not a fully functional functional two-way sync. it is an “ODBC import to MySQL” or “Migration to MySQL” tool basically.
However there are so many options in the ODBC-tool that you might be able to use it anyway. Depends on your data. Have a look at it. 😀
If it is a localhost <> webhost sync or something like that it would be much simpler to have MySQL installed both places. SQLyog Enterprise can two-way-sync two MySQL databases.