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I actually saw a bro with a brompton today and to be honest it looked quite lame. A brompton is about as sexy as a wheelchair. But I was impressed by how quickly he folded it up, so theres that.
But I suppose they are practical because they don't take up space. If you ride it everyday instead of driving and it brings you joy, then it isn't a complete waste of money. Even though there are so many bicycles which are cheaper, more fun to ride and look cooler.
But I kind of understand it because at least you have peace of mind that it will never get stolen because you can always take it inside.