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There are still many open questions regarding spatiotemporal chaos although many well developed theories exist for chaos in time. Rayleigh-B'enard convection is a paradigmatic example of spatiotemporal chaos that is also experimentally accessible. Discoveries uncovered using numerics can often be compared with experiments which can provide new physical insights. Lyapunov diagnostics can provide important information about the dynamics of small perturbations for chaotic systems. Covariant Lyapunov vectors reveal the true direction of perturbation growth and decay. The degree of hyperbolicity can also be quantified by the covariant Lyapunov vectors. To know whether a dynamical system is hyperbolic is important for the development of a theoretical understanding. In this thesis, the degree of hyperbolicity is calculated for chaotic Rayleigh-B'enard convection. For the values of the Rayleigh number explored, it is shown that the dynamics are non-hyperbolic. The spatial distribution of the covariant Lyapunov vectors is different for the different Lyapunov vectors. Localization is used to quantify this variation. The spatial localization of the covariant Lyapunov vectors has a decreasing trend as the order of the Lyapunov vector increases. The spatial localization of the covariant Lyapunov vectors are found to be related to the instantaneous Lyapunov exponents. The correlation is stronger as the order of the Lyapunov vector decreases. The covariant Lyapunov vectors are also computed using a spectral element approach. This allows an exploration of the covariant Lyapunov vectors in larger domains and for experimental conditions. The finite conductivity and finite thickness of the lateral boundaries of an experimental convection domain is also studied. Results are presented for the variation of the Nusselt number and fractal dimension for different boundary conditions. The fractal dimension changes dramatically with the variation of the finite conductivity.