Construction foam adhesive belongs on the stud face as a bonding bead for drywall hangs. It works when the bead lands under the board, the sheet goes up inside open time, and the board stays pressed until it grabs.
During application, don’t lose contact or let the bead sit past working time. Otherwise, you get hollow spots or board movement. This means you’d have rework on your hands.
To keep contact and beat open time, run the bead pattern, set the panel within the product’s open time, and fasten per plan and code. The adhesive supports the assembly, but it does not replace fastening schedules.
Use OSI® F38 High Yield for this drywall bonding step. Note that it’s not a fire-stopping material. It is also not compatible with bitumen or asphalt-coated surfaces. And neither does it bond to polyethylene, PTFE, or siliconized surfaces. If you are uncertain about substrates, test it first before committing.