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The phrase "has potential to" is correct and usable in written English
You can use it when you want to describe something that has the potential to be something else in the future. For example: This small business has potential to become a major player in the market.
Exact(59)
But it has potential to make massive savings by making its 13,000 employees healthier.
If not repealed as he anticipates, he says, it has potential to distort the big picture.
My Left Foot has potential to help someone overcome a disability.
As described by the authors, network science has potential to be used for good.
Despite this, she remains positive the charter has potential to trigger huge positive change.
Gamification also has potential to help people with chronic diseases to manage their medical regimes.
It has potential to cause huge disruption.
JC: It has potential to please Apple.
It has potential to both make and break development.
IVAC metric thus has potential to identify outlier antibiotic prescribers.
The portfolio operator strategy has potential to boost returns.
More suggestions(19)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com