You have the main benefit in terms of logically groupings objects together and allowing permissions to be set at a schema level.
It does provide more complexity in programming, in that you must always know which schema you intend to get something from - or rely on the default schema of the user to be correct. Equally, you can then use this to allow the same object name in different schemas, so that the code only writes against one object, whilst the schema the user is defaulted to decides which one that is.
I wouldn't say it was that common, anecdotally most people still drop everything in the dbo schema.