Windows Application Built with Flash Function While Other Apps Running?

Hi all,

Is it possible to build an application in flash that can then be exported as say an exe and then be used in the background while another application is running? I know that sounds complicated so let me further explain. I currently dj with an application and would like to create another application with flash that allows users to play some custom sounds (drops) while running the primary dj application. I believe someone out there already has created an application via flash that does this (have to read up on it more). But from the research I did do there is no way to interface with the flash application unless you alt-tab to it. Is there someone way to build a flash application that can be assigned windows shortcuts (say f1 funuctionality) while another windows application is running?