Can I use a chemical peel on my penis?

A chemical peel can be performed on the body, but should be approached and performed with a knowledgeable skincare professional who can modulate the dose of the peel to prevent injury to the skin. Best, Dr. Karamanoukian Los Angeles

Interesting idea.  However, the skin on the penis is not at all like the skin on the face.  The facial skin had very high density of stem cells for healing.  The facial skin is thick in many places.  The penis skin is ...not thick.  It can easily scar.  You will like that damage even worse than whatever issue is bothering you about it.  If these thoughts are preoccupying you mind, then you might have some form of body dysmorphic disorder.  Psychologic help is available for this and it is much better than intrusive thoughts that lead you to harming your body.

I would not advise a chemical peel in this location. You may cause more harm than good. First I would see a board certified dermatologist to see if what you are noticing is just normal skin or if there is a real medical problem.  Some medical conditions that happen elsewhere on the body can inflame genital skin too.  If it is completely normal, at least you have peace of mind knowing the skin in that location is supposed to be a little wrinkled. If you are seeking further cosmetic treatment in that area you might seek the attention of someone who specializes in genital rejuvenation.  Before getting a peel ask how many times they have used it in that location and what result was obtained. Be fully informed about downtime and possible side effects.