Old English fleax "flax plant; cloth made with flax, linen," from Proto-Germanic *flakhsan (source also of Old Frisian flax, Middle Dutch and Dutch vlas, Old Saxon flas, Old High German flahs, German Flachs), probably from Proto-Germanic base *fleh- "to plait," from PIE root *plek- "to plait." But some connect it with PIE *pleik- (see flay) from the notion of "stripping" fiber to prepare it.
suffix added to nouns to produce adjectives meaning "made of, of the nature of" (such as golden, oaken, woolen), corresponding to Latin -anus, -inus, Greek -inos; from Proto-Germanic *-ina- (from PIE *-no-, adjectival suffix).
Common in Old, Middle, and early Modern English: e.g. fyren "on fire; made of fire," rosen "made or consisting of roses," hunden "of dogs, canine," beanen "of beans," baken "baked," breaden "of bread;" Wyclif has reeden made of or consisting of reeds." The few surviving instances are largely discarded in everyday use, and the simple form of the noun doubles as adjective (gold ring, wool sweater). Some are used in special contexts (brazen, wooden).
<a href="https://www.etymonline.com/word/flaxen">Etymology of flaxen by etymonline</a>
Harper, D. (n.d.). Etymology of flaxen. Online Etymology Dictionary. Retrieved $(datetime), from https://www.etymonline.com/word/flaxen