Exterior-Rated MDF - Any Good?

So, Menards - sort of a Midwestern version of Home Depot - sells this stuff:
https://www.menards.com/main/building-m ... 731430.htm
It's an exterior-rated MDF. It's not cheap - almost as much as industrial-grade marine plywood - but it promises exceptional dimensional stability, moisture resistance, rot resistance, insect resistance and finishing capabilities. It's available down to 1/2" thickness. Anyone ever use the stuff? Thought it might work for painted cabinetry or bendable roof sheathing, if one could find it in 1/4" thickness.
https://www.menards.com/main/building-m ... 731430.htm
It's an exterior-rated MDF. It's not cheap - almost as much as industrial-grade marine plywood - but it promises exceptional dimensional stability, moisture resistance, rot resistance, insect resistance and finishing capabilities. It's available down to 1/2" thickness. Anyone ever use the stuff? Thought it might work for painted cabinetry or bendable roof sheathing, if one could find it in 1/4" thickness.