This reaction was on prepchem.com and I want to know whether it could work. Most of their reactions are well sourced but this is rather scant (and can't find the patent referenced). It is possible that it is actually the ether that is relocated, but I can't deduce a mechanism for either reaction despite a lot of searching through papers on all sorts of boron reactions.
There are all sorts of ways that boric acid can complex with oxygen, so I feel like it might just be real, so if there is some boronic dark magic I would love to know.
Someone did claim they could explain it and said:
The OH of the phenol adds into the BOH3, You make BOH4, Which is an ionic, That anion is unstable so it’ll release a OH-, Which then nucleophilic attacks para, Electrons move and you eliminate BOH3, Then you rearomatize
They also drew an image that I linked below but it looks like the boric acid just gains an OH- from somewhere to make tetrahydroxyborate, and the phenolic oxygen somehow loses an electron? IDK it just looks like a + charge symbol next to it? Really confusing exchange.