Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Dear Dražen,
Yes, it is possible. However, based on the article Microsoft 365 F1 – Frontline Worker Solutions | Microsoft 365, Microsoft 365 F1 does not include rights to an Exchange mailbox. To enable a full Teams experience, Microsoft 365 F1 licenses may come with the Exchange Online K1 service plan enabled. Although the Exchange Online K1 service plan will provision a mailbox for the user, Microsoft 365 F1 users are not entitled to use the mailbox. Microsoft 365 F1 includes the Exchange Kiosk service plan to enable Teams calendar only. It does not include mailbox rights.
So to use the Exchange Online services, I suggest you use the Exchange Online Plan1.
Here is a list of the feature comparison in the Exchange Online plans for your reference.
Exchange Online service description - Service Descriptions | Microsoft Learn
As you want to only use the feature of Entra ID Plan 1 covering the import features such as Conditional Access and Office 365 E1 contains the Exchange Online Plan1 license and Microsoft 365 F1 license's Microsoft Entra ID license may not cover the Conditional Access feature, I suggest you assign the Office 365 E1 license and a standalone Microsoft Entra ID Plan1 license instead of Office 365 F1 to the user.
Microsoft 365 for Frontline Workers Plans and Pricing | Microsoft 365
Microsoft Entra Plans and Pricing | Microsoft Security
I suggest you contact the sales and billing support in Microsoft 365 for Frontline Workers Plans and Pricing | Microsoft 365 and they will provide teh best combination of the licenses for your reference.
Thank you for your time and effort.
Sincerely
Cliff | Microsoft Community Moderator