Are there other solutions out there? Yes, the best one that I've found is Text Sniper, it $8 so I decided to learn SwiftUI and release Text Capture for $0.99. This one uses MacOS builtin Vision API under the hood so it should also improve with new macOS releases. Would love to hear your feedback!
Show HN: I launched a super cheap and simple to use OCR tool for macOS
textcapture.app