Mr Gumby question moment but what other benefits apart from weight?
Aluminium isn't a very good heat conductor, so less heat from the disc is transferred to wheel and hub.
The wheel and hub have a significant mass (around 10Kg depending upon wheels, and front or back) and store heat which takes a long time to cool. If you can keep the heat in the disc it will cool (and heat up) much faster.
Thats the theory. The reality, is that a 3Kg unsprung mass is a nice saving and its a bit of bling
Isn't that the wrong way round - Aluminium has much higher thermal conductivity than Steel, I guess that means in draws the heat away from the steel disc much faster.