If the question was if the LWC Framework provide an utility - then no not that i am aware of.
Which means you can use every js snippet you will find somewhere in the web like
parameters = {};
connectedCallback() {
this.parameters = this.getQueryParameters();
console.log(this.parameters);
}
getQueryParameters() {
var params = {};
var search = location.search.substring(1);
if (search) {
params = JSON.parse('{"' + search.replace(/&/g, '","').replace(/=/g, '":"') + '"}', (key, value) => {
return key === "" ? value : decodeURIComponent(value)
});
}
return params;
}
That will return you an key/value pair of your parameters for further usage in your component