Yes, PUT can be used for create as well. The difference is that with POST you are typically sending your data to the URI of a collection and the server determines the URI of the finally created resource (returned to you in a 'location' header of the '201 created' response).
However, if the client has control over the URI of the resource then you may as well use PUT, directly to the desired resource URI, not to the URI of the collection.
Another way to think about it is that by convention, PUT has to be idempotent, while POST does not. This means that it doesn't make a difference whether the PUT request is sent once or more often. The result is the same: The first time the new entity is created, any additional PUT just updates the entity, but with the same data, so nothing really changes.
However, if you resend the POST request (to the collection URI) then you would actually create multiple - albeit identical - entries in the collection. That's also why your web browser asks you if you want to resubmit a form (usually a POST), since submitting it once is very different than submitting it multiple times.