Yes. In fact it seems to be a good trigger word to make them blush immediately. Even more so than beautiful or fine.
Cute invokes adoration and bytches love that shyt.
Getting called cute by a woman is no Bueno though. Men want to be called fine or sexy. My theory is that men want to be in a dominant position and it's hard to be that when you're "cute" like a rabbit or like a small animal. Women on the other hand like the submissive position to a man. So being called cute by a man feels good to them.