Simply, No.
With some messing around and disabling the actual "router" features you can use it as a simple WiFi access point connected to a LAN socket on your existing router, but you are better off returning it and getting a stand-alone AP.
Better still, get as many things off WiFi as possible. Use Ethernet (or Homeplug ethernet units) for anything where that is possible like desktop PCs, smart TVs etc.
eg.
https://www.amazon.com/TP-Link-Wireless-300Mbps-Repeater-TL-WA801ND/dp/B004UBU8IE/ref=sr_1_8?ie=UTF8&qid=1506843349&sr=8-8&keywords=wifi+ap
https://www.amazon.com/TP-Link-Pass-through-1200Mbps-TL-PA8030P-KIT/dp/B00Y3QYTS6/ref=sr_1_3?ie=UTF8&qid=1506843321&sr=8-3&keywords=homeplug
Or combine the two - homeplug ethernet with a WiFi AP
https://www.amazon.com/NETGEAR-PowerLINE-1000-802-11ac-Gigabit/dp/B01929V7ZG/ref=sr_1_fkmr0_3?ie=UTF8&qid=1506843367&sr=8-3-fkmr0&keywords=homeplug+AP
Once you have a homeplug setup with one unit wired to your router, you can add several extras where you need Ethernet sockets but cannot run cables.
The standard 2.4GHz WiFi band is massively overloaded in many places; wifi "n" (802.11n) gear uses 2/3 of the entire band so it's literally impossible for any two WiFi systems to coexist in range of each other without interference and loss of speed...
(11g can actually be rather more reliable if there is no 11n in the area, as three different systems can coexist in the band at the same place).