Rayon, sometimes referred to as viscose, is a man-made fiber. It originates from wood pulp, but there’s a lot of chemical hoops to jump through before it becomes fabric.
As rayon is a fiber (like cotton is) the resulting fabric will depend on how it is woven. However, in general rayon is a versatile fabric that is smooth to the touch, drapes, and is somewhat slippery.
Rayon is not a good insulator of body heat. That makes it a poor choice for a winter coat, but a good choice for your summer dresses or underwear.
Wikipedia has a lot to say about rayon: Rayon on Wikipedia