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Glycolic acid (or hydroxyacetic acid; chemical formula HOCH2CO2H) is a colorless, odorless and hygroscopic crystalline solid that is highly soluble in water. It is used in various skin-care products. Unlock the secrets of glycolic acid and transform your complexion with this in-depth guide from Smytten. Glycolic acid is a compound that naturally occurs in certain fruits, beets, and sugarcane. In its pure form, it is odorless and colorless. Cosmetic and pharmaceutical companies include glycolic ... Glycolic acid treats dry skin by exfoliating the skin’s surface and promoting cell turnover. It penetrates the top layer of the skin, breaking down the bonds between dead skin cells and allowing them to shed more easily.