Yes you could, or even just a vanilla DOM event handler on a button click.
The problem is that you cannot introspect the browser’s history with the history API. So you have to hack your way around that if you want the “go back in history if possible, otherwise navigate to fallback url” behavior. Which I guess is easier if you’re in a react SPA. Or if you’re fully a MPA and can just check document.referrer
There’s a brand new Navigation API that does let you introspect history entries from the same origin, which perfectly addresses the issue.