+1 on the inlay. You could even do an epoxy inlay if a wood inlay wouldn't work.
Depending where it is, could you build something on it like a monitor stand or a pen holder?
Could you use a Forstner bit and drop in a medallion, matching it on the opposite side?
You could try to match the grain and patch it with the veneer from a scrap piece of plywood.
Could you cut down that side and install a thicker solid cherry edge? If it is on the front or especially the back of the desk the asymmetry would add interest.
If you use inlay, you wouldn't have to inlay all the way around. For example you could cut a diagonal groove and inlay a contrasting piece of wood across the center. Or, scribe an arc and do the same thing. Or inlay a square and then do the same thing at the same spot on the left right, front and back. Turn it into an accent. This could be a subtle or as strong as you choose.
I generally try to use some type of inlay when I sand through a plywood's veneer. It can force you to make an even more beautiful and unique item.