PERFECT home for a small bench-top lathe.
Think about "component" type things in your shop, like a bench-top drill press, and then load up the drawers with all your drill bits, clamps, hole saws, sacrificial table top, etc. etc.
Electrical work and supply station, with all your spools of wires, multi-meter and test equipment, zip-ties, wire labels, heat-shrink tubing, electrical tape, etc. etc.
Or give it to me!
-Brad