"It is the ultimate look that defines glamour - nothing else compares."
The brand has previously used Gwyneth Paltrow and Gisele Bundchen, the supermodel, in its campaigns.
Monroe died in 1962, aged 36, but her estate continues to make millions of dollars each year.
Last year, she was ranked sixth in Forbes magazine's annual list of the highest-earning dead celebrities, making an estimated NZ$21 million.
The rights to Monroe's image belong to the Authentic Brands Group, a licensing company that specialises in "adjoining celebrity talent to brands".
Deals in recent years include Monroe-branded spas and nail salons, a cafe and a line of clothing for teenage girls at the US department store Macy's.
The firm also has the rights to license the image of Elvis Presley and Muhammad Ali, including his "floats like a butterfly, stings like a bee" sound bite.
It is not the first time that Monroe has promoted a beauty brand: she was one of several Hollywood icons recreated through CGI technology in a 2011 television advert for Dior's J'Adore perfume.