It will, however, allow you connect your 240p/480i consoles to a 480i monitor, or 480p consoles to 480p monitor as long as your monitor can accept RGBs. It also has an optional sync stripper. It does not convert the sync from RGBs to RGBHV.
The SCART2VGA adapter is ideal for converting composite to digital video signals, making it suitable for TV users aiming to connect their outdated composite TVs to modern digital devices, like gaming consoles or PCs.