An efficient and convenient route for the synthesis of novel bis dihydropyrano[3,2‐c]chromenes is reported. The synthetic pathway involves one‐pot, multicomponent reaction of bis‐aldehydes, malononitrile, and 4‐hydroxycoumarin in the presence of pyridine or acetic acid/sodium acetate. A stepwise approach for the synthesis of the target compounds was also investigated. The anticancer activity of the synthesized products against MCF7, HEPG2, and A549 cell lines was assessed. Attempts to detect the molecular action of 6g, docking simulation was done using DHFR PDB:ID (1DLS). The study revealed that compound 6g was strongly fit into the active sites of the target protein through six bindings, and hence, it was considered as promising inhibitor for cancer proliferation.