The structure of the water molecule, with its bent shape and polar covalent bonds, is significant because it gives water its unique properties. The oxygen atom is more electronegative than the hydrogen atoms, creating a partial negative charge on the oxygen and partial positive charges on the hydrogens, making water a polar molecule. This polarity allows water molecules to form hydrogen bonds with each other, leading to high surface tension, a relatively high boiling and melting point, and the ability to dissolve many substances, making it an excellent solvent. These properties are essential for supporting life processes, regulating temperature, and enabling chemical reactions in biological systems.