If virtually every random mutation of that molecule would represent a viable form of life, then it's perfectly acceptable to say that that molecule is magical.
Except they don't
More "potential" life has never been born
than currently exist
More "potential" lives are lost every day than are born
If quote
If virtually every random mutation of that molecule would represent a viable form of life, then it's perfectly acceptable to say that that molecule is magical
except most random mutations are NOT viable
And it certainly NOT acceptable to claim ANY molecule is magical
Can one life form evolve into any other life form?
Many one life forms have split into 2 life forms in the past
But is your question referring to a current life form evolving into another current life form?
NO
However there is at least one wild life form as I recall where evolution was observed to take place followed by a reversal of the change
It involved a light grey moth which settled on the bark of a tree and blended into its surroundings
As the city became industrialised the bark of the tree became darker from pollution
As the lighter colours moths were eaten the surviving months reproduced until the colour again blended with the bark
Later when the air became free of polution and the polution on the trees was cleaned off by wind and rain the moths reverted back to being light coloured
If you accept light colour moths as one form and dark colour moths as another form then
YES it can happen and has even been observed to happen
Not by magical molecules but by evolution and survival of the adaptable (a franchise of the fittest

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