Not supported by the RFC:
https://datatracker.ietf.org/doc/html/rfc5321
Systems MUST NOT define mailboxes in such a way as to require the use in SMTP of non-ASCII characters (octets with the high order bit set to one) or ASCII "control characters" (decimal value 0-31 and 127). These characters MUST NOT be used in MAIL or RCPT commands or other commands that require mailbox names.
However, I do not believe on-prem Exchange supports https://en.wikipedia.org/wiki/Simple_Mail_Transfer_Protocol#SMTPUTF8