Machine Shop, Jewelry Shop, and Electronics Shop can all benefit from a small accessible high speed drill press. High speeds are necessary to spin the tiny drills used to make small holes in Jewelry parts, Printed Circuit Boards, and small-scale precision devices.
Although not a recommendation, this $118 drill-press at this link achieves 8500 RPM.
https://pmcsupplies.com/benchtop-drill-press.html