EBS and CloudFormation are among the important services in AWS. They are designed in a way that they can collaborate with each other easily. EBS provides an environment where applications can be deployed in the cloud.
This is integrated with tools from CloudFormation to help manage the lifecycle of the applications. It becomes very convenient to make use of a variety of AWS resources with this. This ensures high scalability in terms of using it for a variety of applications from legacy applications to container-based solutions.