However, the testosterone levels in women is comparatively lower than men. This male sex hormone plays a key role in men regarding their physical growth and sexual development. In women, this hormone helps regulate the menstrual cycle and is also helpful in treating symptoms of menopause.enefits of Testosterone Supplements for Women. The body of a woman also manufactures this hormone, but once a woman reaches menopause, the levels tend to drop, leading to several problems. To combat this issue, hormone replacement therapy has come into existence.