A series of 2,3-disubstituted-5-oxochromeno [2,3-b]pyridine derivatives were synthesized under ultrasound irradiation, and also under conventional methods, from the reaction of 3-cyanochromones with some active methylene compounds in the presence of a stoichiometric base. The structures of the products were unambiguously elucidated by 1D and 2D NMR experiments. Full assignment of all 1 H and 13 C NMR chemical shifts has been achieved. In addition, the lipid peroxidation inhibition of the synthesized chromenopyridine derivatives was evaluated.