Hi,
Yes, you can do that. Just place your Archive Utility to the /Application folder. Then, use Populate menu in the Applications menu of the Parallels Desktop to create Windows helper application for your Archive Utility in gust Windows.
I don't know what app you would like to use but if you like to use Mac OS X built in utility then it resides in /System/Library/CoreServices folder as BOMArchiveHelper.app. To use it in windows just copy it to the /Application folder and Populate.
Best regards,
Alexander