How To: Select Intersecting Layers By Location to Create an Extent Boundary | ArcGIS Pro
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Selects features based on a #spatial relationship to features in another #dataset.
Each feature in the Input Features parameter is evaluated against the features in the Selecting Features parameter. If the specified Relationship parameter value is met, the input feature is selected.
Intersect —The features in the input layer will be selected if they intersect a selecting feature.