I feel like the option has been working in a bullpen like area for one or two days a week.
You get a lot more of the small questions that people ask in person but seem resistant over Teams or a phone call.
You also get to hear other interactions, which can be valuable. Seeing someone else go through a new task can be a learning experience, or you can see someone else struggling with a task and help them.
You don’t really get that in corporate mandated fun time, and introverts need the time to better get to know others as they slowly open up. That said, the value of face time goes down from 2 days a week and there is some value in having alone work time.