Automated description from the Alliance of Genome Resources (Release 7.0.0)
Enables diacylglycerol diphosphate phosphatase activity and lipid phosphatase activity. Involved in several processes, including phospholipid dephosphorylation; phospholipid metabolic process; and sphingolipid metabolic process. Located in caveola. Is expressed in several structures, including alimentary system; heart; nervous system; respiratory system; and sensory organ. Orthologous to human PLPP1 (phospholipid phosphatase 1).