Hey Yuki, I am not sure what effect you are hoping for, but – only considering the bottom two Colorramps, that are not for the Glossy _ I would say that you’ve got it right; you are multiplying the top Colorramp (with the color) with the bottom one that has values between 0 and 1. Suppose for a moment that you set the Factor of the Multiply to 1, then, where the bottom Musgrave is black (meaning 0), the result of the multiplication will be 0, meaning black. Where the bottom one is white (meaning 1), the result will will be unchanged.
So the effect will be that you make some black (and grey) marks on the colored Musgrave, without changing that color!
If you put the Factor of the Multiplication to 0.5, then, instead of making black marks, you’ll be making grey marks, but the color from the top Colorramp will still be unchanged…