This is the method. Adobe officially released “Flash Player Projectors” for developers. While discontinued, version 32 (the last stable release) still works perfectly.
Remember that Flash was retired partly due to security flaws. Only convert and run SWF files from sources you trust. Final Thoughts how to convert swf to exe link
While Adobe has discontinued the browser plugin, they still provide "Flash Player Debugger" or "Projector" archives for developers. This is the method
However, for immediate use, sharing classic games, or running legacy e-learning modules – for immediate use