The MIMX8ML8DVNLZAB is an i.MX 8M Lite Applications Processor from NXP Semiconductors. It is designed for applications in the fields of smart home, industrial automation, and multimedia. 

An application circuit for the MIMX8ML8DVNLZAB would be quite complex due to the numerous features it supports. Here's an outline of the key components: 

1. Power Supply: The MIMX8ML8DVNLZAB has multiple power domains. Each power domain will need its specific voltage supply, as specified in the data sheet. In order to produce the required supply voltages, a power management IC (MIC) is frequently employed. 

2. Clock Source: The MIMX8ML8DVNLZAB requires a clock source to operate. An external crystal oscillator is typically connected to the TALI and ITALY pins. 

3. Memory: The MIMX8ML8DVNLZAB supports a variety of memory types including DDR3L, DDR4, LPDDR4, and eMMC. The connections will vary depending on the memory type used. 

4. I/O Interfaces: The MIMX8ML8DVNLZAB supports various I/O interfaces including USB, Ethernet, PART, SPI, I2C, and GPIS. These would be connected to the appropriate devices in your application. 

5. Boot Configuration: The BOOT_MODE pins determine the boot source of the MIMX8ML8DVNLZAB. They should be pulled up or down as needed.

6. Debugging: The MIMX8ML8DVNLZAB supports JTAG for debugging. A JTAG connector would be connected to the JTAG pins. 

7. Thermal Management: As a powerful processor, the MIMX8ML8DVNLZAB can generate significant heat. Adequate cooling should be provided, often with a heat sink. 

This is a very high-level overview. The MIMX8ML8DVNLZAB is a complex component with many features, and designing an application circuit for it requires careful consideration of your specific application requirements. The exact connections and components would be determined by your needs. Always refer to the MIMX8ML8DVNLZAB data sheet and other resources provided by NXP Semiconductors when designing your circuit.