Bottom line - no !
Bill has covered it, but Rustoleum, known as 'Hammerite' in the UK, is a 'heavy' paint designed for decoration and preservation of outdoor items, mainly metal, such as garden furniture, rain water pipes, gates, car wheels etc etc.
It is far too heavy and thick for modelling use, and would flood any detail, giving a coating very much out of scale - rather like painting a porcelain Dresden figure with tar!
It should be an easy job to mix the colour you require, and 'Midnight Blue' itself is a common shade in many paint ranges, although of course actual shade will vary between manufacturers.