We can use the balcony for several reasons and activities. I had seen it been use as laundry-yard, a dining space, a siting lounge and a gorgeous garden that is therapeutic to your soul. Imagine everyone in an estate had this, I believe your estate would look very different with an exceptional therapy to your eyes.
Welcome to a City in a Garden, a Garden in an Apartment.
Not every apartments have a balcony. What are you going to do with yours? ;)