Properly acknowledging the application and value of modern Chinese wushu is essential for its ongoing survival and development and plays a pivotal role in shaping its future direction. This analysis delves into the application value of wushu within contemporary society, leveraging its unique characteristics and advantages. Specifically, the exploration is structured around four principal domains: competitive sport, tourism, technical labor, and martial arts training. These dimensions collectively underscore the multifaceted impact and significance of wushu in the modern era. Then, based on relevant theories, research hypotheses, and research variables are determined, a double difference model oriented to the socio-economic value of wushu is constructed, and the value of wushu is analyzed with the support of the model by combining relevant research data. The conclusion presents that the panel data of FDI, Service, and Urban are smooth at a 1% level, while the panel data of GDP and Events are smooth at a 5% level. The p-values of model (1) and model (2) are 0.206 and 0.388, respectively, which indicates that martial arts have a certain promotion effect on the development of the local economy.