In that case it is not better than cellulose fibers in any purpose. It's contribution must be taken in the context of the application. For example, you will not use it to replace cellulose fibers in paper. You could use it to replace colloidal silica as a component in a wet end chemistry retention package, or as a reinforcement for improving strength, permeability, etc. If you need a material with an extremely high aspect ratio, then nanocellulose would have an advantage over a cellulose fiber. It comes down to the morphology that you need. If you need functionality that requires a high surface area - then you subdivide the cellulose fiber into its' base components, microfibrillated cellulose followed by nanocellulose.
It has numerous applications in unrelated fields. In the medical field you may want a biologically compatible material to deliver drugs - nanocellulose could be an option. Or for that matter in wound care. In electronics, you can take advantage of its' hygroscopic nature to construct sensors, or in the ability to create thin transparent films.
I don't believe you can make a general statement about the advantage or disadvantages of nanocellulose separated from the application. In many of its' applications, cellulose fibers were never an option.