The term is ambiguous. It usually refers to one of three things:
Account Boosting Services: Paid players log into your account to rank up, unlock achievements, or grind battle passes (e.g., in Call of Duty, Halo, Rocket League). Violates Xbox Live ToS; high ban risk.
In-Game Boost Events: Official double-XP weekends, battle-pass boost tokens, or "Field Proficiency" consumables.
Hardware "Boosters": Misnomer for Xbox Series X|S "Quick Resume" or external SSD expansion cards (Seagate Storage Expansion) that speed load times.
If you meant a specific website/service, name it for a precise answer.