If your goal is simply to play old web content rather than create a distributable file, consider using an emulator-based approach.
Launch the Flash Player Projector and go to File > Open . Browse for your .swf file. how to convert swf to exe link
Method 3: Using "Flashpoint" or Emulators for Legacy Content If your goal is simply to play old
This is a Flash Player emulator written in Rust. While it doesn't "convert" the file to an EXE in the traditional sense, you can use the Ruffle desktop application to run SWFs safely on modern operating systems. how to convert swf to exe link