Upon seeing a particular enterprise software solution XYZ being mentioned, a passing-by IT engineer wrote this:
My dictionary only have food-related definitions for this word.
What could have he meant?
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Adding to @l'électeur's answer, one of the main usages of 香ばしい is to describe the fragrance of cooked food: toasty or roasty in English.
On top of this association, it comes to be used as an internet slang with a figurative sense of "smelling smoke"; that is, to jokingly suggest "I smell their brain burning", "it smells flaming-prone", or anything that has volatile dangers that can be felt.