Based on the multitarget-directed ligands (MTDLs) strategy, a series of chromone-hydroxypyridinone hybrids were designed, synthesised, and evaluated as potential multimodal anti-AD ligands. Prospective iron-chelating effects and favourable monoamine oxidase B (MAO-B) inhibitory activities were observed for most of the compounds. Pharmacological assays led to the identification of compound
17d
, which exhibited favourable iron-chelating potential (pFe
3+
= 18.52) and selective
h
MAO-B inhibitory activity (IC
50
= 67.02 ± 4.3 nM, SI = 11). Docking simulation showed that
17d
occupied both the substrate and the entrance cavity of MAO-B, and established several key interactions with the pocket residues. Moreover,
17d
was determined to cross the blood–brain barrier (BBB), and can significantly ameliorate scopolamine-induced cognitive impairment in AD mice. Despite its undesired pharmacokinetic property,
17d
remains a promising multifaceted agent that is worth further investigation.