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In order to consistently cook and enjoy great meals you need to have a properly stocked kitchen. What you stock your kitchen with will ultimately depend on the types of food that you enjoy and cook the most. If you do not like spicy foods than it is pointless to have spicy sauces, peppers, herbs etc. This space can be used for things that are more in line with your tastes.
Some people go to the grocery store every day to by ingredients for individual meals. It is fine if you want to go this route. However, it means making a lot of trips that will cost you more in time and/or gas money.
By stocking your kitchen properly you can throw together a great meal on a whim and not have to worry about what you do not have.
Think about your tastes. What types of food do you like and are most likely to cook? Do you like sweet foods? Spicy? Do you like to grill? Bake? Fondue?
The answers to these questions will determine what spices, sauces, vegetables, etc. that belong in your kitchen. It gives you the easy option of watching Chinese food videos online and being able to make that same dish without having to order takeout or drive to the super market. Feel like Italian or Mexican? It is already in your pantry.