No, a parsec is not a unit of time. A parsec (symbol: pc) is actually a unit of length used in astronomy to measure distances to objects outside of our solar system. It is defined as the distance at which an object would have a parallax angle of one arcsecond (1/3,600th of a degree) when observed from opposite ends of a baseline of one astronomical unit (AU), which is the average distance between the Earth and the Sun.
The term "parsec" is a combination of "parallax" and "second," highlighting its connection to the concept of parallax, which is the apparent shift in the position of an object when viewed from different locations. So, a parsec is a measure of the vast distances in space rather than a unit of time.