I don't know if this would really work as body armor. The molecules may have a very high tensile and sheer strengths so that would prevent most penetration of projectiles but you have massive internal damage, broken bones, burst organs and bruising if someone shot a 70mm shell at you.

It just sounds like super-Saran wrap or graphite sheeting.

Now if you layered it with diamond or metal plating or something, then we're talking about armor!