Water and life bestows:-

Water is a special molecule and has many unique properties that make it essential for all life on Earth. In fact, when scientists look for life on other planets, they first look for signs of water! Water is made of two hydrogen atoms bonded to an oxygen atom. They form these bonds by sharing electrons.
However, oxygen is not very good at sharing. Oxygen is extremely electronegative, meaning it likes electrons. So it pulls the electrons in the bond closer to itself, causing oxygen to get a partial negative charge and the hydrogen atoms to get partial positive charges. This allows water to form bonds between different molecules based on the charges, called hydrogen bonds. This gives water many of its unique properties that allow it to support life.
Water also has the important property of acting as both an acid or a base depending on the conditions. Water goes through autoionization, where one water molecule can donate a hydrogen atom to another. This forms hydroxide ions (OH-) and hydronium ions (H3O+). In this example, water acts both as the acid, donating hydrogen ions, and as the base, accepting hydrogen ions.