How do I utilize my faux balcony/awning?

Quiana, please provide a photo or more info...there's no enough to go on here and I'd like to help you.

I don't understand your question.

Hi there, I have seen people place plants in the space. If there's enough room, I've also seen people place a bistro chair and pillow on them for decoration. If there's truly no room, you could grow a flowering vine round the balcony for interest.

Quiana: a nice row of potted plants would look nice

I'd tear off that faux balcony and add a nice size Arbor. Plan a small seating area and a bistro set. Add some plants etc.

If this is a rental have the landlord inspect the overhang before you do anything...it looks fragile and you don't want it to collapse on someone because of added weight.