We tried this because our Airedale Terrier loved chewing things, especially logs and the log basket. We sprayed the logs and the basket and he didn't even attempt to chew them. I think he doesn't even like the smell of it. Now he is not even interested in them, but if we forget to spray them he is not unlikely to pick up the chewing habit again...
Also, I would recommend giving your dog something else to chew on, like a chew toy, as most dogs really enjoy chewing and a chew toy gives them an outlet for this instinct. It also keeps them occupied, particularly when covered with a bit of peanut butter, cheese or something like that. A chew Kong with peanut butter keeps our dog out of trouble for ages!