This paper describes the principles of obtaining wear-resistant coatings based on titanium diboride that are deposited on the cutting tool for use in the machining of chromium–nickel alloys. The spark plasma sintering of samples from the TiB2/Ti powder composition was studied, and the influence of sintering modes on the characteristics of the ceramic targets was analyzed. The regularities of the magnetron sputtering of sintered targets were revealed. The dependences of the physical and mechanical properties of coatings formed on hard alloy substrates on deposition conditions were established. The wear resistance of carbide samples with TiB2-based coatings under friction-sliding conditions and coated carbide ball-end mills in milling Inconel 718 chromium–nickel alloy that is widely used in the industry was assessed.