Hmm .. no. It WOULD be possible only, if the application implemented this functionality itself, because it had to connect to a different X-Server while running and re-create all of its windows/widgets etc there. I don't know of any application supporting this.
But: If you need this, just start the application for example inside a VNC session, using the Xvnc X-Server. So you can connect to the vnc X-Server from anywhere, getting it to display on your local monitor, without requiring the application to know anything of this.