If it is then do I have to change the server address in the URL for the client application to the local address at which this utility is listening to? And do I need to specify the local port also in this properties file?
The server address and port have to be the ones the server is actually using - you don't change those.
You have to specify the local port that you want the utility to listen to and the client software has to address that port.
Just like TCPSniffer, the utility has to intercept all communication between client and server and relay it on while keeping a copy.
Bill