High CPC keywords: can I target them organically?

I’ve been using the Lowfruits tool and noticed that for a particular keyword, a low-DA website is ranking well. However, the CPC for this keyword is quite high at $3.00. Does this mean the low-authority website is paying $3.00 per click to rank, and if so, does that make it not worth competing for the keyword organically? How do you approach such high-CPC keywords?