Not recommended — #27 of 31 Corduroy ranks #27 of 31 fabrics for chafe resistance. It is a poor fabric for this. Ranked with a smooth-fibre bonus plus low weight and breathability. The top pick is Silk.
Corduroy measures 50/100 for breathability, 8% moisture regain, 70/100 warmth, at 300 gsm. Chafe resistance rewards a smooth, light surface: Corduroy has more surface texture at 300 gsm.