Step 1: Clarification of anatomical analogy.
Analogous structures in males and females originate from identical embryonic tissues, yet differentiate due to hormonal factors during development.
Step 2: Formation of the penis and clitoris.
Both male penis and female clitoris develop from the genital tubercle, an early embryonic structure.
Testosterone exposure in males causes the genital tubercle to lengthen and form the penis.
The lack of significant testosterone influence in females results in the genital tubercle developing into the clitoris.
Step 3: Comparative functionality.
The penis serves both reproductive and urinary roles, whereas the clitoris is primarily a sensory organ.
Despite functional variations, their structures are similar, featuring erectile tissue and abundant sensory nerve endings.
\[
\therefore \text{The female structure analogous to the male penis is the clitoris.}\]