Being one of those people wont to over-introspection, I learned a long time ago that it's not a good idea to question why you're having fun while you're in the process of having fun.
If you simply must have an answer, just redefine your hobby to be the construction of intriguing mechanisms. That covers everything - model engines, model tools, workshop tools, cannons, fishing reels, etc..
On the notorious "Yabut, what does it do?" question, my usual answer is along the lines of:
It satisfies my innate desire to build objects of mechanical beauty, the artistry of which will be instantly recognized by anyone of even moderate intelligence.
Most of the cretins wander off shaking their heads while trying to decide if they've just been insulted.
Or, you can just ask them, "What is the utility of a plaster garden gnome?" which is something most of them can relate to more directly.