You can go for entire room wall paneling for a vintage wooden inspired feel or can add wood panels to some specific interior wall areas for a instant rustic vibe! The choices are always yours! The first one choice rock if you want to get your room perfectly insulated and 2nd one is just to create some rustic decor statements of your interior walls!
These wood wall panels also allows you the easy fitting of scones and accent lights for more arresting demonstration at night! Wood medium also gives you the free hand to install some hooks for decor hanging and you can also hanging some floating shelves to these paneled wall using the hardware and anchors! Each options will rock and has its serviceable criteria but presence of pallet wood rusticity in all, is really going to give some antique and mid century inspired impressions to your interior room spaces!

Use paint to create beautiful patterns, it will really come in handy if there is a creative artist in you! By going with your creativity and ingenuity, you can pull out various tricks to decorate these wood paneled more to hold the attention of every person who just stares a little bit at it!
Rustic Pallet Headboard Wall:

instead of installing the bigger headboards to your bed frames, build the headboard walls using pallets which are not to change or adjust over and over again! Get a fixed platform for your master bedroom decors!
Tiny Pallet House or Cabin: DIY Tutorial
DIY Pallet Bedroom Wall Paneling:

Make your bedroom insulated by paneling all of its walls with pallets! This would also create a vintage inspired rustic environment to get appreciated by everyone!
Pallet Wood Paneled Ceiling Inspiration:

Also panel the entire ceiling with rustic pallet to go cheaper in room decors to cast a beautiful rustic environment all around in room!
Wood Pallet Wall for Accent Guitar Hang Up:

Make your interior walls focally stimulating by adding wooden textures to them! Afraid of sky-high rates? Go handmade with pallets to do it at no-cost budget! Here is a rustic wood wall inspiration with guitar accent if you want to borrow an idea!