A sustainable upgrading of renewable bulk materials, obtained by decomposition of biomass lignocellulose, could facilitate their use in the industrial production of chemicals. Homogeneous ruthenium catalysis plays a fundamental role in this area. The review deals with the upgradation of lignocellulosic molecules through the formation of new C−C and C−N bonds. Selected examples of catalytic bond forming reactions reported until mid of 2023, include: (a) dehydrogenative based couplings of alcohols, (b) reductive amination of carbonyl compounds, (c) direct C−H functionalization of (hetero)aromatic compounds. These approaches fulfill the requirements of sustainability: application occurs without any previous substrate activation, thus reducing the production of waste. New chemicals containing the intrinsic molecular structure of lignocellulose substrates, showed a broad range of applications: green fuels, hydrogen carriers, monomers of polymers, intermediates of fine chemicals and pharmaceuticals. The results discussed in the review could inspire the reader to improve the valorization process, in terms of bio‐substrate scope as well as product complexity, through more strategic applications of the catalytic methods.