Cortical granule exocytosis is the process by which cortical granules release their contents into the perivitelline space following fertilization, playing a critical role in modifying the egg's outer layer to prevent polyspermy. This exocytosis occurs immediately after a sperm successfully fuses with the egg, leading to changes that block additional sperm from entering. The process is essential for proper fertilization and early embryonic development, ensuring that only one sperm fertilizes the egg, thus maintaining genetic integrity.