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The Lie group $SU(3)$ describes abstract "rotations" in a space with three complex dimensions. A "rotation" is characterized by eight abstract "angles" or parameters.
Representations
The diagram below shows the defining (3-dimensional) representation of $SU(3)$ in its upper branch and the 8-dimensional adjoint representations of the same group in its lower branch. The adjoint representation can be rewritten such that it acts on 8-dimensional vectors (as opposed to 3x3 matrices) by regular matrix-vector multiplication.
For more groups and their representations see Fun with Symmetry.
$SU(3)$ is at the heart of the so-called "eightfold way", a scheme that organizes the large "zoo" of hadron particles into neat geometrical patterns (octets and decuplets).
$SU(3)$ is also the gauge group of the strong nuclear interaction. It describes how particles with "color charge" (quarks and gluons) interact.