Clarification : Only one of these 3 boxes has the key.
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Since all of the statements are false :
From the 2nd statement: The key is not in Box 3.
Assuming that is it false, we "reverse" the statement: The key is in Box 3.
Therefore, the answer is Box 3
In order to double check, here are the "reversed" statements from the other boxes:
Box 1 : The key is not in Box 2
Box 3 : The key is not in Box 1
Edit: The reverse in the statement is called a negation ( @Sravanth Chebrolu )