A variety of homoleptic and heteroleptic, triply bonded dimolybdenum hexaalkoxides, [(Mo2(OR)6] and [Mo2(OR)4(OR′)2], were successfully applied as dual pre‐catalysts in both, the epoxidation of olefins with tert‐butyl hydroperoxide and the deoxygenation of diorganosulfoxides with silanes, to form the corresponding sulfides. In the epoxidation of cyclooctene, the pre‐catalysts demonstrated an intriguingly high activity, with turnover frequencies (TOFs) of above 60 000 h−1 at elevated temperatures (≈50 °C) and even very high activity at room temperature. Furthermore, using [Mo2(OtBu)6] as a pre‐catalyst, we studied the effect of the solvent and we extended the epoxidation reaction to more demanding olefins, which revealed a particularly high activity even towards primary alkenes. In addition, the same pre‐catalysts, in comparison to previously reported Mo‐based systems, exhibited excellent activities for the deoxygenation of phenyl methyl sulfoxide to thioanisole in the presence of silanes (TOFs>160 h−1). A number of other diorganosulfoxides were used in the catalytic deoxygenation to investigate the scope and limitations of the system, displaying an excellent performance for differently substituted substrates.