Q. what are the benefit of getting MBR hex dump and what kind of thing can be done using it?
A. Microsoft says:
The MBR contains a small amount of executable code called the master boot code, the disk signature, and the partition table for the disk.
The master boot code and disk signatures aren't very useful for someone (investigator). However the partition table gives a lot of information, and it can be used to extract information, in scenarios, where OS is corrupted or not booting and MBR can be used to investigate disk drive and operating system.
Sample Partition Table Record: (taken from an MBR, using HEX editor)
80 20 21 00 07 7E 25 19 00 08 00 00 00 38 06 00
Each hexadecimal value has some specific meaning, for instance:
80 => Partition type, Active
20 21 00 => Partition’s starting sector, Cylinder-Head-Sector (CHS)
07 => File System, NTFS
7E 25 19 => Partition’s ending sector, CHS
00 08 00 00 => Starting sector
00 38 06 00 => Size of the partition, 199 MiB
You can read them in detail in Table 1.2 Partition Table Fields, at official site.
Q. are there any commands or tools to more deep analyzing and convert this hexdump to human readable way?
A. You can use any HEX editor, like Hex Editor Neo or Active Disk Editor. These editors will help you in understanding MBR, but there is no magic tool available to to convert hexdump into human readable format (based on my knowledge).
PS: The question is pretty old, I wasn't available earlier so please accept late answer... :)