Within the Newtonian framework of mechanics conservation laws are tricky to develop and are not obvious at first glance. Lagrangian mechanics generalises the concept of conservation laws by exploiting "symmetries". The connection between symmetries and conservation laws is made by Noether's theorem.
An object has a symmetry if it is invariant under a transformation. The transformation could be discrete or continuous, local or global and the object could be the action, Lagrangian, equations of motion or even the coordinates themselves.
The relationship between symmetries and conservation laws in Noether's theorem holds only for continuous symmetries, however it encompasses both global and local transformations through the first and second Noether theorems.
The benefit of this result is that we can quickly spot symmetries and therefore are guaranteed a conservation law. Conservation laws are useful for reducing the complexity of a problem through reduction procedures.
Edit
I think the main part of your question is as follows:
Is there any additional information learned about the system from
employing Noether's theorem as opposed to using the Newtonian
framework?
The conservation law itself will contain no extra information. To say that an object is conserved in time is simply to observe the vanishing of it's time derivative. However Noether's theorem does in fact allow us to gain extra information about our system.
As an example
Consider a Hamiltonian system $(M,\omega ,H)$ where $M$ is a symplectic manifold, $\omega$ is a symplectic 2-form and $H$ is a Hamiltonian function. A continuous symmetry of the Hamiltonian system is a vector field $X$ on $M$ such that the Lie derivative (denoted $\mathcal L_X$) of $\omega$ and $H$ vanishes,
\begin{equation}
\mathcal L _X\omega=\mathcal L_XH=0
\end{equation}
By the Poincar\'e lemma if $\iota _X\omega$ is closed then locally a scalar function $F:M\mapsto \mathbb R$ can be found, meaning $\iota _X\omega =dF$, (where $\iota _X$ is the interior product) i.e if $X$ is symplectic then in the neighbourhood it is Hamiltonian and hence $X_F(H)=\{H,F\}=0$ meaning $F$ is in involution indicating that it is constant along integral curves of $X_H$, a conserved quantity.
With analytical mechanics comes an abstraction. Newtonian physics could never really tell me about the properties of $\omega$ or Liouville's theorem etc. So from that angle, yes, Noether's theorem gives us an awful lot more insight into the physics of the system than simply stating a conservation law.
However at the same time, physics is physics, no matter how you choose to describe a system, all results should tie together and of course we shouldn't expect new physics by re-phrasing the problem. We are instead appreciative that we can learn more.
I hope that helps and that I have understood your question properly?