Yes this is possible but maybe my Timer Relay - Run ON Timer will suit you better. You can choose the state ON or OFF of an entity to then turn ON another entity.
Yes it is a run on timer, so when you turn it ON the timer will turn it OFF.
I am not realy sure what you are trying to achieve. When will it know when to do the “1-shot”. Have a look at my other blueprint and let me know if this works for you.