Tahoe's new Spotlight refresh includes an application specific option (open spotlight then arrow/cursor to the right or press cmd+1), and it will only match on applications, which is indeed very fast compared to a full blown Spotlight search...
except it doesn't match on Apple's built-in applications like Calendar or Screenshot.app, which makes it useless to me since I don't mentally separate Apple Apps from third party ones when trying to find or search for apps.