Flex Links provide link-level redundancy that is an
alternative to Spanning Tree Protocol (STP). STP is automatically disabled on Flex Links interfaces.
To configure the Flex Links feature, you configure one Layer 2 interface as the standby link for the link
that you want to be primary. With Flex Links configured for a pair of interfaces, only one of the
interfaces is in the linkup state and is forwarding traffic. If the primary link shuts down, the standby link
starts forwarding traffic. When the inactive link comes back up, it goes into standby mode.
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1.One of the use of "backup interface" command is to put ISDN dialer interface or ISDN BRI interface itself as backup to the primary link.So that as soon as your primary link like T1/E1/DS0 goes down, ISDN will fire and you have backup link up, it will be configured alongwith delay command.
2.Other use of backup interface command is in ASA , but it only for VLAN interface.
HTH..