Is there a way to control water to two destinations from one yard fire hydrant type water vavle. I want to turn on the outlet on the hydrant as well as send water to another hydrant located further away.

Teeing off the source and adding separate shut off valves could give you those results.
Details depend on the overall layout. Got pictures or a diagram as to what you are dealing with?

Sounds pretty simple OR are we missing something?
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You can control 2 or more locations with Elk Electronics WSV2 Electrically controlled 1" Valves, switch 1, the other, or both, add a Network controller, or other device to remotely control on and off 1 or both and show the position of the valve(open/closed), they work well. No Monthly
Can also be controlled by switches locally