The MathLive plugin enhances Obsidian's capabilities for handling mathematical content by introducing an intuitive visual editor for creating and editing LaTeX formulas. It renders formulas in real-time, eliminating the need to manually write LaTeX code. The plugin also features an OCR tool that converts scanned images of equations into LaTeX code. This OCR functionality is available in both a cloud-hosted version for efficiency and an open-source option for local use.