what are the benfits and drawbacks of using insect hormones as a means of pest control?

The benefits is that they can target specific bugs...maybe.
The attractant hormones used to trap flies, cotton weevils, and the like, so they can be removed from the productive chain then destroyed are targeting only the specific insect.
The hormones being released in the wild as genetic variations (growth hormone, or metamorphic disruptors ) let these hormones enter the ecosystem. The question is do we know the answers to the question: what side effects to the ecosystem are going to occur? We usually dont. Birds and small reptiles eat those bugs: with altered hormones affect them? No one knows. Sometimes we don't really want to kill bugs entirely, they after all do have some good effects, especially in pollination.
Recently a "natural" herbal hormone (testerone) remedy was pulled from the market after discovering men who took it upon contact with his small children (hugging, touching, normal stuff) caused them to go into puberty...at ages six to eight. WE just don't have all the answers, and theses hormones should be subjected to scientific testing before release.

Using insect hormones as a means of pest control can have both benefits and drawbacks.

One of the main benefits is that insect hormones can target specific bugs. This means that they can be used to specifically control certain pest species without affecting non-target organisms. For example, attractant hormones can be used to trap and remove flies or cotton weevils from agricultural systems. This targeted approach can help minimize the use of broad-spectrum pesticides, which can be harmful to both pests and beneficial organisms.

However, there are also drawbacks to using insect hormones as pest control. One major concern is the potential impact on the ecosystem. When these hormones are released into the environment, there is a possibility that they can disrupt the natural balance of insect populations and affect other organisms in the ecosystem. For example, birds and small reptiles that feed on insects may be exposed to these altered hormones, and the effects on their development and reproductive systems are largely unknown.

Another drawback is the lack of comprehensive scientific knowledge about the long-term effects of using insect hormones for pest control. The potential side effects and unintended consequences of introducing these hormones into the environment are not fully understood, especially in relation to non-target organisms and ecological interactions. It is important to conduct thorough scientific testing and research to assess the safety and effectiveness of these hormones before they are widely used.

In summary, using insect hormones as a means of pest control has the benefit of targeted pest species control, but it also raises concerns about potential ecological impacts and the need for scientific testing and research to understand the effects on non-target organisms.