The requirement that chemical processes are sustainabable, reflected in waste reduction and the use of safe reagents and reaction conditions, is becoming even more stringent as a result of pressure by society and governments to preserve the environment and protect human health. Catalysis offers numerous benefits related to green chemistry, including lowered energetic reaction requirements; catalytic, rather than stoichiometric, amounts of materials; increased selectivity; lowered consumption of processing and separation agents; and, in many cases, the use of less‐toxic compounds. Our research group has for a long time been studying methyltrioxorhenium in the oxyfunctionalization of different substrates, by using H2O2 or its urea‐hydrogen peroxide complex as the primary oxidant. In this Review paper we aim to provide a full literature account on the catalytic activity and selectivity of methyltrioxorhenium in the oxyfunctionalization reaction, either in nonconventional solvents or under solvent‐free conditions, with a particular emphasis on the use of ionic liquids as green reaction media.