The desirability of a target rifle barrel is directly related to its bore condition.
If this barrel has a like new bore, then it is going to be of great interest to someone with a Sportco 44 that needs a new barrel.
I did repurpose a take-off 44 barrel by cutting off the breech and threading and chambering it for another action. I did find that the breech of the barrel is hardened (the bolt head locks into the barrel).
I saw a homemade target rifle at the DCRA Connaught matches one summer. The shooter had used a Sportco barrel breech and bolt head and made the rest. The tubular receiver and bolt body do not require any heat treatment, apart from perhaps the cocking cam surface at the rear of the bolt. The receiver does not need lug ways, greatly simplifying the machining. This would be a safe way of making a centerfire rifle, given that the locking system and headspace are professionally controlled.
Maynard mentioned a Neilsen adapter. I have a Neilsen 300 actioned rifle. Two piece receiver, the bolt locking into the front portion which is a barrel extension. The bolt head is a Sportco. The action evolved from Neilsen's adapter. Shoots really well. This concept is very much like the homemade target rifle I mentioned, only commercially done. I have a Schneider barrel on the 300. Last time I had it to the range, it shot a 5/8" group from the bench at 100m with my standard load of 155SMK, 46gr Varget, LR Match primer in Lapua brass.