It’s a major component of solid rocket propellants. It allows water to exist as liquid on Mars, despite atmospheric pressure at the Martian surface being roughly 0.6 percent that on Earth. It also can be broken down to release oxygen that astronauts and future colonists in a Mars settlement could breathe.
It’s called perchlorate and it’s abundant on Mars –10,000 times more abundant in Martian dirt than in soils and sands of Earth. That may sound like a good thing, considering the useful properties of perchlorate, but there’s also a flip side.
Being a negative ion, perchlorate (ClO4–) forms various salts, but it has detrimental health effects. Potassium perchlorate is used as a drug to treat certain forms of hyperthyroidism (overactive thyroid). But exposure to environmental perchlorate causes the opposite of hyperthyroidism, namely hypothyroidism — an underactive thyroid.
It would be devastating for Martian colonists.