Preheat your oven to 425°F and position the rack in the center. Pat chicken pieces dry with paper towels, which helps the seasoning adhere better and promotes browning during baking.
Combine smoked paprika, garlic powder, onion powder, black pepper, salt, and cayenne pepper in a small bowl. Rub this spice mixture evenly across all chicken pieces, ensuring complete coverage for maximum flavor development.
Heat olive oil in a large oven-safe skillet over medium-high heat for 2 minutes. Sear chicken pieces for 3-4 minutes per side until golden brown, working in batches if needed to avoid crowding the pan.
Mix together BBQ sauce, honey, brown sugar, Dijon mustard, apple cider vinegar, and liquid smoke in a separate bowl. Pour this glaze over the seared chicken, then add chicken broth around the sides of the skillet without covering the BBQ chicken bake completely.
Bake uncovered for 18-22 minutes until the glaze thickens and darkens slightly, and chicken reaches 165°F internal temperature. The sauce should bubble actively around the edges while the top develops a sticky, caramelized sheen.
Remove from oven and let rest for 3 minutes before serving. If you prefer thicker sauce, mix cornstarch with water to form a slurry, stir it into the pan juices, and simmer on the stovetop for 2 minutes until the easy chicken dish reaches desired consistency.