Can I use the microchip of Arduino Uno as a standalone microcontroller
Yes it's possible. To use the ATmega328P to &quot;emulate&quot; an Arduino Uno board (without the USB part) you just need 3 ou 4 additional components: the oscillator, two capacitors and a resistor. Please take a look at: https://www.arduino.cc/en/Tutorial/BuiltInExamples/ArduinoToBreadboard for a schematic/breadboard.
The Atmega328P features itself the memory, cpu and flash so those components are already inside the chip. You can find the relation of the pins in this image: