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The Collaborative International Dictionary
Glycolic

Glycolic \Gly*col"ic\, a. (Chem.) Pertaining to, or derived from, glycol; as, glycolic ether; glycolic acid.

Glycolic acid (Chem.), an organic acid, found naturally in unripe grapes and in the leaves of the wild grape ( Ampelopsis quinquefolia), and produced artificially in many ways, as by the oxidation of glycol, -- whence its name. It is a sirupy, or white crystalline, substance, HO.CH2.CO2H, has the properties both of an alcohol and an acid, and is a type of the hydroxy acids; -- called also hydroxyacetic acid.

Wiktionary
glycolic

a. Of or pertaining to glycolic acid or its derivatives

WordNet
Wikipedia

Usage examples of "glycolic".

Item: a rash of aged freaks dyeing their hair and using glycolic acid on their skins.

But when the body starts to break it down you get glycolic acid, which is terribly destructive.