Yes, in women. Women make testosterone about one-seventh the amount per day that men make. But testosterone is important in women also, so correcting deficiency is important. During a woman's reproductive years, her ovaries not only make estrogen, but also testosterone. In women, testosterone is produced half in the ovaries and half in the adrenal glands. After menopause, testosterone production decreases gradually by one third of premenopausal levels (unlike estrogen production which decreases dramatically). In women who have had their ovaries removed, testosterone levels drop by half. .
Other functions of Testosterone: