Labels and custom values in select, radius, and checkbox form fields

You can use the vertical bar ('|') to differentiate between label and value.
If you use a pipe character ('|') in an option value, the part before the pipe will be used as the label and the part after the pipe will be the actual value.

You can use this method in a Please select, Radio buttons and Box fields.

The backend will look like this:

And the interface will look like this:

Learn more about the form widget and its options here.