Reference: https://docs.snowflake.com/en/sql-reference/sql/put.html

The parameter STATEMENT_QUEUED_TIMEOUT_IN_SECONDS sets the limit for a query to wait in the queue in order to get its chance of running on the warehouse. The query will quit after reaching this limit. By default, the value of this parameter is 0 which mean the queries will wait indefinitely in the waiting queue
https://community.snowflake.com/s/article/Warehouse-Concurrency-and-Statement-Timeout-Parameters#:~:text=The%20parameter%20STATEMENT_QUEUED_TIMEOUT_IN_SECONDS%20sets%20the,indefinitely%20in%20the%20waiting%20queue.