The partial negative end of an oxygen atom is attracted the partially positive end of an adjacent hydrogen atom. This forms a hydrogen bond. These slightly charged ends give water it's dipole nature.
The bond that holds the two oxygen atoms to the hydrogen atom is a covalent bond.
Water has a high specific heat capacity of 4.2KJ/KGc which means that
it takes a lot of energy to change its temperature.
Ice is less dense than water so it floats on top of the water forming an insulating layer.
High surface tension means animals can form a habitat on the surface of water.
Strong cohesive properties and high tensile strength means water can be pulled through plants as the water molecules are held together by H bonds.
Water is colorless with a high transmission meaning light can pass through cells for photosynthesis.
Water is a liquid at room temperature meaning it can be used for transport and a medium for reactions.
Water has a high latent heat of vaporisation so can be used for cooling organisms by evaporation (e.g sweat).
Water has a high specific heat capacity meaning conditions are stable in cells and aquatic environments.