(Note that for integers, a post-processing step is necessary to account for coefficients that are larger than the number base, but I guess this is relatively inexpensive).
This correspondence is often exploited in both directions. If you ask a sufficiently sophisticated computer algebra system (SageMath, for example) to multiply two large polynomials with integer or rational coefficients, chances are that it will reduce the problem to multiplying two large integers, then reduce that problem to multiplying two large polynomials (but different from the ones you started with), and then proceed using recursive polynomial and integer multiplications to compute that product... (i.e. going through a sequence of transformations Z[x] -> Z -> Z[x] -> ...)