Great example of a place to put items that come and go regularly (i.e. returns (to stores and other people), lost & found, donate. Also good to keep bottled water and overflow of items that you don't have storage for in the kitchen.
From Organizational Site: "I also recommend under-shelf baskets, like this one from Amazon, for quick and easy storage. Normally under-shelf baskets are used for storage in kitchens but they are great for storing toiletries, washcloths, etc. in a dorm room bathroom. They could also be used in the closet for storing scarves, socks, etc."