Convenient routes for synthesis of ruthenium vinylidene complexes have been described, the majority of which use alkynes along with a ruthenium source as the main starting materials. Their successful application as efficient precatalysts in synthesis of heterocyclic and carbocyclic compounds by ring-closing metathesis of alpha,omega-dienes and in the synthesis of polymers by ring-opening metathesis polymerization of cyclooctene, norbornene, 5-substituted norbornene and dicyclopentadiene are fully illustrated. Relevant aspects concerning the activity and stereoselectivity in metathesis reactions of this type of Ru complexes are highlighted