what is use of the outline shape?
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Change the shape fill, outline, or effects of chart elements
Excel for Office 365 More...
You can instantly change the look of chart elements (such as the chart area, the plot area, data markers, titles in charts, gridlines, axes, tick marks, trendlines, error bars, or the walls and floor in 3-D charts) by applying a predefined shape style. You can also apply different shape fills, shape outlines, and shape effects to these chart elements.

Excel for Office 365 More...
You can instantly change the look of chart elements (such as the chart area, the plot area, data markers, titles in charts, gridlines, axes, tick marks, trendlines, error bars, or the walls and floor in 3-D charts) by applying a predefined shape style. You can also apply different shape fills, shape outlines, and shape effects to these chart elements.

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