Checkbox value in a UI only formula

This should be an easy one. I have a salesforce checkbox… let’s call it Checkbox__c. I have a UI only formula field that I want to return the value of that checkbox so I can use in an if statement. However, {{Checkbox__c}} isn’t returning anything. I think it should be. The box that would be in context is checked, so I would expect it to return true. I’m able to get the values of other fields, just not this Boolean. Any thoughts? I tried wrapping it in VALUE(), but that didn’t help either. Thanks