Yes. Look at the lens mm rating as a zoom strength. The higher the number, the more zoomed in the image will be. Below 3.6mm, and you get a fish eye effect. It has distortion, but being able to get a 150 degree view may be worth it. The trade off for wider view is everything appears further away, and distant objects will be less clear - think of the passenger side mirror on cars (objects may be closer than they appear).
All of my cameras are 2.8mm - indoors and out. But I have little use to read tags on cars that aren't on my (very small) property.
My spare bedrooms are 10' x 10', and truthfully, 2.8mm isn't low enough. I may switch to a 1.8mm. Yes, more distortion, but with such short distances from the camera, that's a tradeoff I'm willing to make.