Light-density open-cell SPF is commonly known as half-pound foam. It is a semi-rigid material with a sponge-like appearance that expands during installation and creates small, open cells that are filled with carbon dioxide. Due to its ability to expand during the application process, it fills cracks, crevices and voids and adheres to irregular surfaces or substrates to form an air sealing insulation.
I have never used foam insulation before and this was easy for me to use right out of the box. I had a 4'x8"x8" cavity in my basement that houses a waterline. When the previous homeowner installed this they put no insulation in at all and being that it's an exterior wall in the basement and I live in the Midwest that thing was pushing so much cold air in it was incredibly uncomfortable. Out of the box and job completed in about 5 minutes. Stopped all drafts and created a nice 2" barrier on the wall in which I will install some extra bat insulation over it. 4 stars because the spray isn't very good passed 6-8" from the surface. Make sure you can reach the surface you want to coat. Great for small jobs! https://www.youtube.com/watch?v=ggLAUsiuI_o&app=desktop
Product innovation over the years has seen the introduction of several different types of spray foam insulation. Primarily in residential and commercial construction, open-cell and closed-cell spray foam is used while high-density spray insulation is used as roofing foam in commercial or industrial construction. Open-cell sprayed-in foam insulation, a soft low-density material, is typically used for interior applications such as wall cavities, underside of roof decks, attics, basement walls and crawlspaces. The open cell structure of low density foamed insulation allows for moisture permeability to help contribute to moisture management and bi-directional drying of the wall assembly.
One thing I wanted to mention was that I think your price point is a little high and that might deter people from considering spray foam. As a project manager for a spray foam company for years I can tell you that we offer 0.5 Lb. open-cell foam at around $.25/board foot. We even offer a 1.0 Lb. open-cell foam for less/the same cost as you quoted the 0.5 Lb. foam for above. The 1/0 Lb. open-cell foam has an R-value of almost 5.