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What is the best approach to achieve the following:

If a cell in column A has content, then place a formula into the cell in column B in the same row, referencing the cell in column A.

Once the formula has been processed, replace the formula with the raw value that the formula returned.

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    Consider sharing a publicly editable sample spreadsheet. There is a blank sheet maker that lets you share safely.
    – doubleunary
    Mar 16 at 9:46

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If you just want to be able to easily copy a portion of the value in column B, put an array formula in the header of column B that fills the whole column based on what's in column A. The cells in column B will appear to contain static values, but they will keep changing dynamically based on what's in column A.

To put static values in column B, use a script that either calculates the values to put in B directly, or puts a formula in column B, flushes, and replaces the formula with its value.

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