Is it true that Schrödinger's equation is only valid for infinite free space?

The untold story of SE, as I understand it, is that the wave function ψ can only live in a vacuum and infinite space.

By infinite space we mean that x extends from -∞ to +∞ so the boundary conditions applied to SE should all be zero.

The question arises: are there other limitations to the habitation space of ψ?

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