If it was the VERTICAL laminated stuff not the horizontal, it's like Dan says. I've used it for the belly of raw bamboo backed bows. It's weaker in compression than red oak, so plan your design appropriately.
I remember seeing someone make a kid's bow out of it without a backing and it working for that. I'm not sure I'd trust it unbacked with a hunting weight bow though. Give it a shot! Or back it with rawhide, hickory, raw boo, I suppose even sinew if you want to put in the effort.