Dear @akanshamishra1,
At present, the attributes that can be sent over from AEP to Target based on audience activation can be used as key values inside your offer or personalization. However, I don't see any option to create audiences based on these attributes inside Target's Audience Builder, and thus requirement cannot be fulfilled at the moment.
Wait for the update from Adobe or some hacks from other community members before closing this thread.
Thank You, Pratheep Arun Raj B (Arun) | NextRow Digital | Terryn Winter Analytics