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The advantages of using HDI is that since the HDI is a composite index (uses more than one measurement), the results are much more well rounded than just using, say, GNI per capita. Development involves more than just economical factors, so the fact that the HDI includes education and standard of living makes it more well-rounded.
The disadvantages can be that although the HDI is more well rounded, it still doesn't take into consideration other important things like gender equality, and for instance, Saudi Arabia scores high on the HDI because of their affluence but does not consider how disparate gender is. Also, the HDI measurement doesn't consider the differences in development within a country.
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