Yes, you can use this application on Windows 8 32bit. In fact, in the system requirements list, it's specified that Windows 8 is a supported OS.
You can check below to see all the system requirements:
OS: Windows XP, Windows Vista, Windows 7, Windows 8, Windows 10
Processor: Pentium IV compatible or higher processor
Memory: 512 MB RAM
Disk Space: 100 MB
For additional information, visit the website: http://www.multiiconindia.com/product_desc.php?pid=5&p=1&PageNo=1