Yes but you will have to change the elements and or burners if you are going to use them. The 120 volt portion on your picture is for the clock, lights and plugins. Thus the reason for 3 wire. If you are just going to use the oven part just get a 120 v element. Depending on the watts of the element you get will determine how many amps you need to run it at 120 volts.
Lin.