It depends what you are trying to achieve. If you just want to spin up a VM to experiment with on a desktop system, use VirtualBox.
If it's a virtual server that has to remain up, either jail or if that doesn't provide what you need you may need to look into a hypervisor to host FreeBSD on bare hardware (Xen, ESXi, etc).
There is work in progress for a FreeBSD native hypervisor (bhyve) but it is not production ready yet.