As it says in the
docs, this is a prototype feature and not supported by edX. In particular, it relies on a web services run by a faculty-member at MIT. The service was down, but should be up again now. If isn’t working for you please let us know if a) you can reach
https://studio-input-filter.mitx.mit.edu/latex2edx?raw=1 and b) what errors you are getting from the server.
Some course teams at MIT like to maintain their entire course (or chapters of it) in Latex. Most of them use the code at
https://github.com/mitocw/latex2edx which lets you compile Latex into OLX offline for importing into edX.
Sorry I can’t be of more help,
Peter Pinch
MIT Open Learning