@Sugarnotsnow
I don't think so unless you had a specific issue you were trying to address with it.
For example, high estrogen could potentially be addressed with P4 because it opposes estrogen, but the problem could also be solved by taking an aromatase inhibitor such as exemestane or androsterone.
@haidut posted a study on RP forum showing that P4 is androgenic. What the study showed is that castrated rats given progesterone has larger prostates and seminal vesicles than untreated castrated rats.
That study is important to put into context, however.
When the rats were castrated, they had much less androgens being produced (obviously), and therefore progesterone was able to grow their prostates due to its known agonism of AR.
P4 also opposes endogenous androgens by blocking their ability to bind to AR. So, in the context of an uncastrated rat, I'm not sure that the P4 would actually grow their prostate because it would stop the androgens that they are naturally producing from binding to AR in the prostate.
If anything, there would probably be a biphasic androgenic effect in uncastrated rats, where a low dose of P4 increases prostate growth, moderate dose shrinks it by opposing testosterone and DHT, and high doses grows it because even though the P4 blocks DHT and T, it has its own anabolic effects to the prostate which take over at a higher dose.
TLDR; I think you're better off using male androgens like testosterone, DHT, and synthetic ones like anavar, turinabol, and halotestin (If you can afford it) and use aromatase inhibitors like exemestane or androsterone as needed.