Let me one guess (just a specualtion). Do you want values split to columns? If so, just use the udf like that:
SELECT *
INTO #test
FROM (VALUES ('10.0||14.5'), ('2||34'), ('7.1||19'), ('4||11.7') ) v(val)
;
SELECT val, v1.Item, v2.Item
FROM #test
CROSS APPLY (SELECT Item FROM dbo.DelimitedSplit8k(val,'|') WHERE ItemNumber = 1) v1
CROSS APPLY (SELECT Item FROM dbo.DelimitedSplit8k(val,'|') WHERE ItemNumber = 3) v2