There are other tools available for running Windows on a Chromebook, but Parallels is going to be missed. There's a slim chance that Google might grant it a stay of execution, but not likely; instead, you'll need to turn to Cameyo and what it has to offer or look into one of the other (usually more difficult) options found in Wine or Crossover.

While it’s a viable way to get legacy apps running on Chrome OS, its presence on Chromebooks also presents a few paradoxes. One is that you need to have a higher-powered Chromeb

Parallels for ChromeOS will reportedly be discontinued in the near future. Google has an alternative offering, but it's not the same as running a virtual desktop.