This is possible if and only if $p\equiv1\pmod4$.
A) If $p\equiv-1\pmod 4$ then it is not possible. Assume that $x$ has multiplicative order $m$. We know that $m\mid p-1$. On the other hand $4\mid p+1$, so $4m\mid p^2-1$. Given that the multiplicative group of $\Bbb{F}_{p^2}$ is cyclic of order $p^2-1$ it follows that $T^4-x$ has zeros in $\Bbb{F}_{p^2}$, and we cannot get a degree four extension.
B) If $p\equiv1\pmod 4$ then let $2^\ell$ be the highest power of two that is a factor of $p-1$. Let $x$ be an element of order $2^\ell$ in $\Bbb{F}_p^*$. Any root $\alpha$ of $T^4-x$ in some extension field of $\Bbb{F}_p$ will then have order $2^{\ell+2}$. Because $2^{\ell+2}$ is not a factor of either $p-1$ or $p^2-1$, it follows that the minimal polynomial of $\alpha$ has degree four. Therefore $\Bbb{F}_p(\alpha)=\Bbb{F}_{p^4}$.