Nautilus is the default file manger for Gnome Shell that is currently going by the name of Gnome Files.
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Pro Allows you to access remote or local locations
On recent versions of GNOME, you can click the Files entry in the panel to access a specific location (remote or local), connect to a certain server (FTP, SFTP, SAMBA, etc.), access your bookmarks, open a new window, as well as to change its default functionality.
Pro Widely supported
The program is distributed as a single source archive, which can be configured, compiled and installed on almost any Linux flavor. There are no binary files for a specific Linux distribution, but you can install it directly from the default software channels of your operating system.
Pro Easy to use and familiar user interface for Ubuntu users
The user interface of Files is very familiar to Ubuntu users, most probably because Canonical still uses Nautilus (an old version of it) as the default file manager for its world’s most popular free operating system, Ubuntu Linux.
It split into two parts, a sidebar and the main file viewer. While you already know what the latter can do for you, the sidebar offers quick access to Places, Devices and Network locations, as well as any other bookmarks that you can add whenever you want.
Pro Minimalistic looking
It does what it is supposed to do, and leaves a lot of screen space to look for a file.
Con It has lost so much functionality
As already stated, this is not well configurable anymore. One can not even start in dual pane mode for cut/copy and paste. Just a ridiculous transgression. It was great just 1-2 years ago, but over-simplification in this case is detrimental to functionality.
Con Mostly unconfigurable
There are not many ways to configure Nautilus to fit your needs. Besides what can be seen in the settings button you can't configure it further.
Con Slow at moving picture folders
A move, even to the same disk, can take a minute for a folder containing a hundred images.
Con Has too many bugs
There are too many bugs at the current state for this file browser to be usable.