This investigation centers on megastable systems, distinguished by their countable infinite attractors, with a particular emphasis on the Quadratic Megastable Oscillator (QMO). Unlike traditional megastable oscillators reliant on external excitation, our proposed QMO operates autonomously, contributing to its distinctiveness. Through a comprehensive exploration of the QMO, we elucidate various dynamical behaviors, enriching the understanding of its complex system dynamics. In contrast to conventional megastable oscillators, the QMO yields nested types of multiple attractors for diverse initial conditions, elegantly depicted in phase portraits. To gauge the sustainability of chaotic oscillation, we employ influential parameter bifurcation plots, providing a nuanced insight into the system’s dynamical evolution. The complexity of the proposed system is further underscored by its intricate basins of attraction, accommodating an infinite number of coexisting attractors. Exploring trajectory dynamics, we observe that certain initial conditions lead trajectories to distant destinations, evading the influence of local attractors. This behavior underscores the uniqueness of the QMO and highlights its potential applications in scenarios requiring nonlocalized attractor behaviors. Taking a practical turn, the QMO is applied to biometric fingerprint image encryption, demonstrating its efficacy in real-world applications. Rigorous statistical analyses and vulnerability assessments confirm the success of the QMO in providing secure encryption within chaotic system-based frameworks. This research contributes not only to the theoretical understanding of megastable systems but also establishes the QMO as a valuable tool in encryption applications, emphasizing its robustness and versatility in complex dynamical scenarios.