Yes. Have a look here:
https://www.gpsoft.com.au/help/opus12/index.html#!Documents/Codes_for_passing_filenames.htm
Assuming you are using Mp3tag, the button could look like this:
@nodeselect
"/programfilesx86/Mp3tag/Mp3tag.exe" /fp:{filepath}
Button as XML
<?xml version="1.0"?>
<button backcol="none" display="both" label_pos="right" textcol="none">
<label>Mp3tag</label>
<icon1>/programfilesx86/Mp3tag/Mp3tag.exe,0</icon1>
<function type="normal">
<instruction>@nodeselect </instruction>
<instruction>"/programfilesx86/Mp3tag/Mp3tag.exe" /fp:{filepath}</instruction>
</function>
</button>