What to do with semi-junker bike?

[squirrelitude]

I salvaged a semi-junker bicycle from the curb this morning before the garbage crews got it. No seat, rusted chain -- but wheels and brakes seem to be in decent shape. Kind of small, but not a child's bike: http://imgur.com/a/wWwjQ

Since I see bikes in this condition on the trash heaps from time to time, I would like to ask: Who might want these? Are they only good for parts, or do people refurbish them? Should I poke some local bike collective? Would some SCUL member be interested in the parts?

(Of course, if you want *this* one, let me know -- but I really want to get a sense of the general case anyway.)