If this computer is capable of running macOS 10.13 High Sierra, then you have two good options. You can try to install macOS 10.13 into a Virtual Machine (VM) such as Parallels, or you can install macOS 10.13 to an external USB 3 SSD. The latter will have better performance than running macOS in a VM. It all depends on what you need to do with FCP.
I don't recommend installing macOS to another partition or even APFS volume on the internal boot drive because it makes things complicated, but installing macOS into another APFS volume is better than creating another partition.
No matter which option you choose, you should make sure to have a good backup before doing anything just in case something goes wrong.
What is the exact model of the computer where you want to run macOS 10.13? You can get this information by clicking the Apple menu and selecting "About This Mac". If your computer shipped with macOS 10.14+, then you cannot install macOS 10.13 on bare metal, so installing macOS 10.13 into a VM is your only option.
I've never used FCP, but another option may be to see if you can convert those older projects into a later version of FCP which is compatible with Big Sur so you don't need to run two different versions of macOS.