As an acoustic absorber, this panel is almost useless, it's thickness does not allow it to absorb a significant amount of frequencies.
It is non flamable, it actually slow the flame down, which is a very good aspect about the panel.
The best usage for this acoustic absorber is as flight case lining, because it is very light, easy to trim, easy to glue, it looks good, and absorbs the impact (not the sound) very well.
Actually the best way to glue these panels is just using thermic glue instead of silicone, because, it dry faster, is cheaper and easealy hold the weight of this panel.