You can activate the theme now.
According to the ThemeForest license policy, you can use 1 license for 1 project only (dev site, production site, localhost but the same project!)
Yes I want to run only one website on this theme.
But I am asking ,,, If I am creating/making my website on a dummy domain and after finishing I want to shift (clone) to the main domain within same hosting.
So I want to know can I clone the website directly with last code ? I ll delete the dummy website after cloning
Yes, you can clone the website with the last code.
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One standard license is valid only for 1 project. Running multiple projects on a single license is a copyright violation.