It is correct and usable in written English.
You can use it in a sentence to describe a location where certain businesses or organizations are based, including associated buildings. Example: The company's headquarters compound is located in the heart of the city.
Mr. Arafat's headquarters compound in Ramallah is symbolic of his situation.
The works will be installed mostly in and around the headquarters compound at the park entrance.
Marine officers strutted about their headquarters compound, set up hours before in an abandoned building at the highway's edge.
He banned alcohol and Burger King from the Kabul headquarters compound and only eats one meal a day.
Alliance soldiers at a headquarters compound here a mile and a half from the front said the fighting involved heavy artillery exchanges.
One response was the speech tonight, which Mr. Arafat had taped hours earlier at his headquarters compound in Ramallah, north of Jerusalem.
Having failed to anticipate a backlash among affiliates and the public, Komen headquarters compounded the problem, local officials said, by acting too slowly to apologize and reverse course.
GAZA CITY — The Israeli Air Force on Saturday launched a massive attack on Hamas targets throughout Gaza in retaliation for the recent heavy rocket fire from the area, hitting mostly security headquarters, training compounds and weapons storage facilities, the Israeli military and witnesses said.
'Take me to the National Intelligence headquarters, to MIT compound' he says.
US Central Command says that aircraft and Tomahawk cruise missiles launched from American naval vessels hit "fighters, training compounds, headquarters and command and control facilities, storage facilities, a finance centre, supply trucks and armed vehicles".
The statement claimed the strikes had killed an unspecified number of Isis fighters, destroying or damaging: "training compounds, headquarters and command and control facilities, storage facilities, a finance center, supply trucks and armed vehicles," in the region of Raqqa, Dayr az Zawr, Al Hasakah, and Abu Kamal.
