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I like using a third party alternative since it gives me the option to use it outside the google ecosystem. I use Firefox and Chrome regularly so the seamless syncing without depending on any particular browser is important for me.

The other feature I like in dedicated password managers is that they tend to have a lot more options about what kind of password/passphrase you can generate. Some other features that i regularly use is storing non password content like software licenses, sharing certain passwords with my spouse, etc.

Makes it harder to switch to another browser (I do also use the Chrome built-in password storage).

Works outside of browser, I use mine for things on my phone with the LastPass Autofill.

Doesn't tie me to one browser or their security model.

The cool thing about 1Password and similar is that not only do they work in other browsers (Firefox), they also work outside of the browsers (e.g. in iOS I can autofill login boxes with credentials pulled from 1Password)

This feature exists on Android. I can sign in to my chess app with login credentials stored by Chrome (as an example)