Bounding boxes are a fundamental tool in digital image processing, particularly within the realms of artificial intelligence and machine learning, where they serve as a key component for object detection and image annotation. They are imaginary rectangular frames that outline objects in images, helping machine learning models identify and locate them by defining parameters such as class, position, and confidence levels. Bounding boxes are crucial in various applications such as self-driving vehicles, robotics, eCommerce, insurance claims, agriculture, manufacturing, medical imaging, and surveillance, offering a range of benefits from improving product visualization to enabling precise object localization. Utilizing bounding boxes involves understanding their parameters, conventions, and annotation formats, as well as adhering to best practices like ensuring pixel-perfect tightness and minimizing box overlap to optimize accuracy and efficiency in image processing tasks.