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The Reality Stone grants the user power to manipulate matter. In Thor: The Dark World the villain Malekith (Christopher Eccleston) wants to use this red liquid stuff called Aether to turn matter into the dark matter because he’s evil…and do you really need a better reason? It turns out that the Aether is a manifestation of the Reality Stone.
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At the end of the movie, two Asgardians give the Reality Stone to The Collector because apparently they can’t keep the Space Stone and Reality Stone in the same room in Asgard. This seems to be a huge mistake: As soon as they leave the Collector says, “One down, five to go” in a super evil voice.
It’s unclear whether the Collector gave up the stone immediately to Thanos or whether Thanos killed Del Toro’s character: When the Guardians of the Galaxy arrive to take the Reality Stone from the Collector, Thanos reveals that he has beaten them to their goal. He then takes Gamora hostage.