If you look up tye MSDS for Kodak Print Flattening Solution, it's 99% ethylene glycol with less than 1% formaldehyde. Use was 1 part concentrate with 10 parts water, instructions allowed further dilution to 1 + 20 for use in humid environments. Claims made was the print was more durable and flexible, and that it gave the print a more supple feel.
It probably would work great, if the formalin didn't do you in. Kodak recommended this with Ektacolor professional fiber base color paper at the 1 + 10 dilution.