It should be usable as a a Boot Camp disk. How is it formatted? Does it contain BIOS boot code in the MBR? What do the following commands say about the disk? (replace 1 with the number of the disk; use diskutil to get a list of all disks)
Code:
diskutil list /dev/disk1
sudo fdisk /dev/rdisk1
gpt -r show -l /dev/disk1
sudo dd if=/dev/disk1 count=1 | xxd
Make sure to backup the xorg.conf file because Parallels might mess it up (if you get it to boot)
http://forum.parallels.com/showthread.php?t=12683