According to the official website, the software requires a PC with Windows 8, 7, Vista, XP, 2000. In Windows 10. Right-click the setup package and choose Properties > Compatibility, then pick a Windows version from the drop down menu.
Download page: http://www.blazeaudio.com/products/wavecreator.html
Note: If the product is actively developed, then you should expect a release compatible with Windows 10 in the near future.