While using android studio 20221121 (chipmunk) or any 2021 version (bumblebee, arctic fox) on Windows is possible, you must be aware of the security posture:

You likely need API Level 30 (Android 11) or 31 (Android 12).

This happens because the underlying IntelliJ platform changed dramatically after 2022.1.1.

If you just need to compile an old project once or run a legacy build:

First, a quick correction: Android Studio 2022.1.1.21 (released November 21, 2022) is not a 2021 version. It was the first 2022 stable release (Dolphin | 2022.1.1). However, because it followed the 2021 releases closely, it’s often searched for alongside them.