React updating prop and rendering based on boolean value

I have a parent function component which has a boolean (which is set via child component and also used to render some container on parent component).

Is the below setup fine in terms of updating and dynamic rendering based on isSomeBoolean?

const [isSomeBoolean, setisSomeBoolean] = useState(true);    
const updateIsSomeBoolean = (boolVal) => {
    setisSomeBoolean(boolVal);
}


<ChildComp updateIsSomeBoolean={updateIsSomeBoolean} /> 
  
{isSomeBoolean && (
    <div className="container">
    ....
    </div>
)
}

In the child component, somewhere I invoke the parent function as below;

props.updateIsSomeBoolean(false);