I congratulate you for taking action on trying to fix or self improve in areas of your life you're not happy about. Whether its right or wrong or dangerous doesn't really matter. So many people just don't do anything and let the years go by without earnestly attempting to address something. Kudos to you for taking some leaps and trying something new.
I can tell you that I have used this hobby and sugar daddy relationships over several decades to self improve. While I can't claim it was the smartest or safest or most efficient use of the money I earned, I can tell you that it absolutely aided me in improving in areas of my life that I set my mind to.
When my first marriage collapsed, this hobby helped me avoid plenty of ridiculous rebound relationship traps. I was a wreck, I had zero confidence, I was out of control on partying etc... but once I settled in and knowing I could get laid with just a phone call or email, helped me gain my confidence back, kept me focused on work and saved me from chasing women that weren't good for me. Saved me from taking shit from terrible girlfriends who tried to manipulate me because I could actually think with my head and not my dick knowing that if this girl left, I wouldn't be alone.
When I got really busy with work and had no time to date but I had the need for companionship with my fucked up schedule, doing the whole sugar daddy thing and continuing to hobby really worked. For nearly two decades, no matter what my schedule was, or where I travelled, or what not, the arrangements I had with my lovers really helped. I didn't get pressured to do her work events, or her friend's wedding, or show up every weekend predictably. I didn't have to argue labels in a relationship or "when are we going to move in together' or all the other headaches that came with relationships. We enjoyed our time together, set boundaries on time and expectation and still had some semblance intimacy. Out of 4 women I entered into this kind of relationship over the years, 3 are still my good friends and are aunts to my children and friends with my now wife. 4th... well, that was because someone caught feelings and we couldn't recover from it. Whatever it was, majority of them morphed from transaction to true friendship. When I did meet a woman I wanted to give a try at marrying, i could sunset some of those relationships (a little hard to do, but was needed to give an honest shot at dating someone) and when that relationship broke up, I went right back into paid companionship while I calmly started meeting new people. Its easy to do one and done dates or take a short time getting to know a woman and walk away because you're not horny and thinking about getting laid.
I'm married, we're all happy, have successful kids and we still have fun and experiment around as a couple with professionals which in my opinion, de-risks having threesomes turning into affairs. Hell, at one point in time, my wife and I were having some issues and one crazy weekend trip we took with a companion set us on our path because of something the companion said that really hit home for both of us. it was like a lightbulb went on in both our heads while we were chilling out late night after some fun.
I absolutely think if you're level headed, realistic and are able to set good boundaries with yourself and others, this hobby can really help many men figure shit out.