you can deploy the Microsoft 365 Service Status sensors to any device. The more important part is to define credentials for Microsoft 365 in the settings that are higher in the object hierarchy, for example, in the settings of the parent device.
I usually create a device and configure localhost as DNS/IP address.
Disclaimer: The information in the Paessler Knowledge Base comes without warranty of any kind. Use at your own risk. Before applying any instructions please exercise proper system administrator housekeeping. You must make sure that a proper backup of all your data is available.