You can foam Boracare into the wall voids. The insulation may soak up a bit of the applications but here is how the pros handle it:
You will need to use a stud finder to locate each stud. You should then drill a hole at the top of the wall on either side of each stud and you should drill a second set of holes at the bottom of the wall on either side of each stud. You will apply the foam using the top holes and you will know the foam has successfully coated the wood when it comes out of the bottom holes on either side of the studs.
You can use Boracare on pressure treated wood as long as there is no stain, sealant, or paint on the wood. If the wood treated with Boracare is outside exposed to the elements, then you want to apply a water sealant after the Boracare has dried.
Boracare can be used on wood that is pressure treated, but it may take longer to absorb into the wood. In some cases, such as in a pre-construction termite treatment, pressure treated wood must be treated with Boracare. Boracare is preferred over other treatments such as Timbor in treating furniture because Boracare dries clear and will leave the furniture in its natural state. It will also absorb much further into the wood so you know the infestation is treated. Boracare is diluted with water at a 1:1 - 1:5 ratio depending on the pest you are targeting.