The specifications are different for analog audio, composite video, component video, and coaxial digital cables, but the connectors are the same. Often, they can be used interchangeably, though there are occasions when it does not work well. Using a cable for analog audio that was designed for digital will not give an audible improvement over using one competently made for analog audio, so there is no reason to buy new cables as you appear to be thinking of doing.
If, however, you already had a bunch of coaxial digital cables, and did not already have any analog audio cables, I would suggest giving them a try, as it will probably work well. But I would not recommend spending money on something that is not going to do anything for you other than cause you to lose some money. Basically, if you want better sound, buy better equipment (speakers, primarily), improve the acoustics of your room, or be more careful in the placement of your speakers and listening seat in your room. Magic wires are not the answer.