Are some Qur’anic verses context-specific, while the underlying values are universal? (e.g., testimony of women)

I've been reflecting on verses in the Qur'an that seem tied to 7th-century Arabian society, like the one in Surah Al-Baqarah (2:282) where the testimony of two women is equated to one man in financial contracts.

Some scholars argue this was due to the context of the time—when women generally had less exposure to financial matters—not because women are inherently less reliable.

My question is: Can we understand verses like these as context-specific applications of broader, timeless values—like justice, fairness, and protection of rights—rather than fixed rules for all times?