Not sure if it is to big but could put the florist foam in and make it a fake flower holder if your into that. To me it looks like a cat cubby just needing a soft blanket
That is a very nice looking basket and could be used as a carry-all. OR pretty enough to lay some pretty dried flowers in the basket. OR to hold crafts near the couch (as long as Abby would leave the "crafts" alone - not in my house :lol3 OR something to keep your hats/scarfs/gloves all together near your back door or closet or garage. OR A garden carry-all to put your tools, etc.
Do you have a guest bath? (And guests that stay overnight?) You could roll some pretty towels and put them in it (even just extra hand towels) and maybe some lotion or other toiletries for them to enjoy.
I'd probably use the basket to keep sewing stuff in. Or even better, all the cords for charging up iPods, laptops, cell phones, etc. Or k-cups for my coffee maker (we get the big boxes at Costco). It would also be nice for holding ribbon spools (kept lurking around the wrapping paper) around the holidays, too. I might keep it in the car truck to hold extra stuff like the tire pressure gauge, gloves, cell phone charger, flashlight, etc.