Yes, according to at least one professional, Just for Men beard color can be good for eyebrows.
Celebrity hairstylist Johnny Lavoy states that he recommends Just for Men beard color for eyebrows because of its color range, quick processing time, and convenient application tool which allows for precise and easy application. He also notes it's safe for brows.
It is important to do a patch test before applying any hair dye to your eyebrows, even if it is marketed as safe. This will help you determine if you are allergic to the dye. Follow the product's instructions carefully. If irritation occurs, discontinue use immediately.