Carbon is a versatile element that forms the backbone of biomolecules in living things. It has four electrons in its outer shell that allow it to form up to four covalent bonds with other atoms. The four main types of biomolecules - carbohydrates, lipids, proteins, and nucleic acids - are all made primarily of carbon chains and contain other common elements like hydrogen, oxygen, and nitrogen. These biomolecules consist of monomers like amino acids or sugars that polymerize to form larger macromolecules through condensation reactions.