01 - Preheat the oven to 400°F and line a baking sheet with parchment paper.
02 - Season the chicken breasts evenly with salt and pepper on both sides.
03 - Arrange three shallow bowls: place flour in the first, whisk eggs with water in the second, and combine shredded coconut with panko breadcrumbs in the third.
04 - Dredge each chicken breast in flour, shaking off excess. Dip into the egg wash, then press firmly into the coconut-panko mixture, ensuring an even, thorough coating on all sides.
05 - Heat about 1/2 inch of oil in a large skillet over medium heat. Fry the breaded chicken breasts for 2 to 3 minutes per side until golden brown. Transfer to the prepared baking sheet.
06 - Bake the pan-fried chicken in the oven for 15 to 18 minutes, until the internal temperature reaches 165°F and the juices run clear.
07 - While the chicken bakes, combine apricot preserves, soy sauce, rice vinegar, grated ginger, minced garlic, and red pepper flakes in a saucepan. Stir over low heat for 5 minutes until the sauce is slightly thickened.
08 - Serve the coconut chicken hot, drizzled with apricot sauce or with the sauce served on the side.