There are many reasons you may want to setup a shared mailbox, but the one we see the most often has to do with licensing. Shared Mailboxes in Microsoft 365 do NOT require a license, although all users that connect to that shared mailbox DO require a license.
Note that a Exchange Online Kiosk License is insufficient to access a Microsoft Office 365 Shared Mailbox; you need a full license.
Also, there are many that will tell you it is not possible to log into a Shared Mailbox directly, but we will show you how to easily get around that.
If you want to access a Shared Mailbox directly using Outlook or Outlook Webapp, you need to assign it an Exchange license.
If you want to use a Shared Mailbox as an SMTP relay (i.e. you want a program like phpBB to send email through them) you can’t. See this Microsoft thread on Authenticated SMTP with Shared Mailboxes.
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