Can you turn in runecloth for rep?

Excuse me, I was wondering if I could potentially exchange runecloth for reputation points within the game's economy? I've been accumulating quite a bit of it and I'm curious if there's a way to put it to use towards boosting my reputation status. Could you please clarify if this is a viable option, and if so, what are the specific steps or requirements involved in the process? Thank you for your time.