Sorry, but this is not a good idea. The formula that you saw essentially expresses that $$\sin x\approx x$$ when $x$ is small, and the smaller $x$ the more exact the approximation. It is valid for angles in radians.
When the angles are in degrees, this relation becomes
$$\sin°x\approx \frac{\pi x}{180}$$ where $\sin°$ denotes the sine of an angle in radians. So you hope to evaluate
$$\pi\approx180\frac{\sin°x}x.$$
If the function $\sin°$ is not available, you will have to emulate it with an explicit conversion, using
$$\sin°x=\sin\frac{\pi x}{180},$$ so that
$$\pi\approx180\frac{\sin\dfrac{\pi x}{180}}x.$$
So, not only this does not allow you to compute $\pi$ as it requires preliminary knowlegde of $\pi$, but it will do that in a very inefficient and inaccurate way, actually replacing $cx/x$ by $\sin cx/x$. You will spend much energy to go round in circles.
Even when a $\sin°$ function is available, this approach is wrong because the $\sin°$ will do the conversion from degrees to radians anyway (using a hard-coded value of $\pi$), and you will have to use an angle so small that $\sin x=x$ numerically, and there is no more point computing the sine.
A less "schizophrenic" approach is using
$$\pi=4\arctan1$$ (in radians).