Benefits of using the conditional ?: (ternary) operator

Question

What are the benefits and drawbacks of the ?: operator as opposed to the standard if-else statement. The obvious ones being:

Conditional ?: Operator

Answer 1

The scenario I most find myself using it is for defaulting values and especially in returns

return someIndex < maxIndex ? someIndex : maxIndex;

Those are really the only places I find it nice, but for them I do.

Though if you're looking for a boolean this might sometimes look like an appropriate thing to do:

bool hey = whatever < whatever_else ? true : false;

Because it's so easy to read and understand, but that idea should always be tossed for the more obvious:

bool hey = (whatever < whatever_else);