No, the gear meshes with the rack on the sled, there's another gear with a skew gear and a straight cut part, that smaller skew gear meshes with the worm on the motor.
I'm busy with another one just now, and have this image showing the same gear but this one in an original B&O CD-Pro2 LF chassis, note the gap between the worm and where this gear sits, in this chassis, the two part gear goes in there and that's what the worm drives, what you're seeing below is straight cut:
BUT... This gear is slightly
smaller than the CDM12.4 one so would only be of use if it acts as an idler in the cassette deck. If it's driving something directly, as it does in my Philips 774, then it would be too small compared to your broken one unfortunately. Sorry about that..