Amadori rearrangement products (ARPs), as stable intermediates of the Maillard reaction, offer potential for controlled flavor generation and color modulation in thermally processed foods. This study investigated the flavor–color formation and thermal processing adaptability of an alanine–xylose ARP (AX-ARP) under varying temperatures (100–160 °C), pH values (4.5–10.5), and precursor ratios using aqueous model systems and a meat matrix. Volatile compounds were analyzed via headspace solid-phase microextraction coupled with gas chromatography–mass spectrometry (HS–SPME–GC–MS), and flavor profiles were characterized by means of an electronic nose and principal component analysis (PCA). In model systems, AX-ARP produced 1.8–5.4 times more total volatile compounds (TVCs) than its precursor mixture (AX) at 100–140 °C, with furfural and pyrroles being dominant. Pyrazines were only generated above 120 °C or under alkaline pH. Alanine addition (ARP–alanine molar ratio = 1:3) significantly increased pyrazine content (from 0.52 to 5.54 μg/L), while excess xylose suppressed overall TVC production. Color measurements showed that browning intensity (A₄₂₀) and a* values increased significantly under acidic conditions and precursor supplementation. In the meat matrix (chicken sausage), the roasting, microwave, and frying treatments enhanced ARP-derived flavor release, with frying yielding the highest TVCs (274.6 μg/L). Across all cooking methods, AX-ARP addition significantly suppressed lipid oxidation markers in meat, reducing levels of hexanal by 88–99% and those of nonanal by 72–97% compared to controls. Since lipid oxidation contributes to rancidity, off-flavors, and reduced shelf life, this suppression highlights the potential of AX-ARP to enhance both the sensory quality and storage stability of meat products. PCA showed that pH, precursor ratio, and cooking method significantly influenced the flavor profile of AX-ARP, with alkaline conditions shifting it closer to that of its AX precursor. These findings highlight the potential of alanine–xylose ARP as a novel flavor precursor and color modulator for thermally processed meat products.