No, the TurboTax desktop CD/Download editions and the TurboTax online editions are separate programs with different price points.
You can download the TurboTax software if you do not have a CD drive for the CD that you purchased.
See this TurboTax support FAQ - https://ttlc.intuit.com/community/installing/help/i-bought-the-cd-but-my-computer-doesn-t-have-a-cd-drive/01/26450