this is my opinion- and only my opinion- i am sure many will differ- cant see how long that is-
whats the black area at the bottom- is that early rot, or just discolouration?
if it were me, and that was the only bow wood i had, i would cut it at that dog leg bend, and make billets, and then resplice the billets together to make a blank.
there is no real twist in it- so thats a good thing.
if i had a choice, i would try a better piece that didnt require all that extra splicing work.
just my opinion.
but whatever path you take- good luck mate- and never quit- this hobby can be the most rewarding pastime, but also simultaneously be very frustrating and fraught with heartbreak. i guess the sour is whats makes the sweet so sweet!!