You can make pancakes with it. The important things to remember are:
Use a lot more eggs than with normal flour (soy flour doesn't go sticky when it cooks)
Use very little water/cream - for the same reason as above. The mixture should be thicker than normal batter.
If you want to make thick fluffy little pancakes (nice for spreading stuff on hot or cold), add a half teaspoon of baking soda and a couple of teaspoons of vinegar or lemon juice to the mix to make it rise while cooking.

I fry them in butter.

Enjoy.