Hi Chris,
If you are referring to using a Azure VM's Static Public IP address, then no and I wouldn't recommend trying to make it work.
If you are looking to work in an environment where you can leverage this IP address, simply create an Azure Virtual Machine and RDP into it to utilize that Static IP address and set up your environment there.
Quickstart: Create a Windows virtual machine in the Azure portal
https://learn.microsoft.com/en-us/azure/virtual-machines/windows/quick-create-portal
If this is helpful please accept as answer or upvote.
Best regards,
Dillon Silzer | Cloudaen.com | Cloudaen Computing Solutions