Have a carpenter turn it into a closet.

If it buts up to another room, open it up from the back - close it on the front. Have a carpenter turn it into storage for that other room.

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if you are short of storage - I vote cupboard.

If not, why not use it as a display nook for some fabulous sculpture?

Use it if it's there. One potted plant on a low, decorative stand. Or a small group. You might find an item you like some day at a store.

It’s an odd situation on how the walls meet up, I love the ideas of turning it into another closet or storage area. If there is nothing in the walls then make it a larger closet and try to even it up with the closet to the right. If you have to keep the base shape then cabinet type storage. It looks like depth wise you’d need a stool for the reach over so it could be used for long term storage items you rarely/infrequently use. If you turn it into storage or shelving you don’t have to keep the depth.

Do you have children or other small family members? Make it a fun space for a kid. Flashy wallpaper. Floor pillows. Lap desks. Bookshel. Lighting. Velvet drape curtain Or Japanese door curtain.

I like a Nook! there are many things you could use this space for. It could be used for a wardrobe space, you can buy rails with a pull handle to allow you access to your clothes without the need for a hop up, You could build in shelves on runners and enclose them behind bi-folding doors and then pull them pout to access what's stored on them. It all depends on your requirements and budget obviously.

Looks like a great space to store suitcases or Christmas trees/decor or your wedding dress/other rarely used formal wear. Have a carpenter build and hang cupboard doors on the front.

Would it be a good place for an entertainment center? It could be enclosed in cabinetry so that equipment could be hidden away when not in use. Is it at a good angle for viewing?