Saved Views can be used to save spatial locations in your map
In addition to saved views acting as a "spatial location library", you could use them to open your map to a specific location.
To do that, use the save view key-in in a startup file as described here:
Save and name a view of your specific location, then use VI=view_name key-in to open the file at that location. You can also just put the VI= key-ins on a function key to avoid having to use the Saved View dialog.
For more information on using Saved Views, please refer to:
Using Saved Views