I would advise against it. Being mandatory for use in animal births in Germany means absolutely nothing about the safety for humans, nor does it necessarily mean it's a medical improvement - don't forget that animal breeding is a business which seeks profit and regularity.
Just from glancing at the ingredients in the link, it looks like the product has propylenglycolum a.k.a. propylene glycol. Propylene glycol is common in topical products like moisturizers, as it's a humectant (a moisture carrying vehicle)... it's also used in a number of industrial applications, notably antifreeze and brake fluids.
Here are the problems with this chemical:
1. It can cause sensitivity reactions & allergic reactions.
2. It absorbs moisture away
from your skin.
3. It is a known irritant; sensitizing causes dryness, abnormal redness and sometimes blistering.
4. It has been shown to inhibit skin cell growth in human tests and cell respiration in animal tests.
5. It was found to cause skeletal muscular damage in rats and rabbits.
6. It has been reported to directly alter cell membranes to cause thickening of the skin, skin dehydration, and chronic surface damage to the skin.
7. It has been shown to increase beta activity (changes found in anxiety states) when inhaled.
8. It has been linked to many other problems, including contact dermatitis, autotoxicity, kidney damage, liver abnormalities.
The main reason why this chemical is used in so many topical and ophthalmic applications is because it is cheap and has a better permeation rate than other humectants. This doesn't mean it's safe.
Also note that it can be irritating to the skin if the formulation uses greater than 5% - there's no way to know what the percentage is in this product, but I would estimate well over 5%, particularly as it's the first ingredient listed.
Also note that because it has a small molecular weight it easily enters the body.
It's up to you of course, but I personally wouldn't put that stuff anywhere near my mucus membranes, and I would never slather it all over a newborn infant. The baby could so easily get it into his/her mouth, eyes, nose, etc., not to mention absorb it through every inch of skin on his/her body. Who knows what kind of effect it will have on a baby with such a small weight and body mass?
FYI, the info above is from Beauty to Die For, by Judi *****. She has a lot of studies and research to support this data.
Please do some further research before you subject yourself and your child to potentially hazardous chemicals.