Yes, Kaz, it has some insulation thermal value. For example, If I remember correctly, the 3/4" Styrofoam has an R-5 rating. Our camp trailers are so small that a little insulation helps a lot, both to keep it warmer/cooler and to muffle the outside noise.
...Sharon....
I think I can...I THINK I can...I THINK; I CAN! (I think I did it!)