Enables phospholipase binding activity. Involved in negative regulation of phospholipase A2 activity; receptor-mediated endocytosis; and regulation of arachidonic acid secretion. Located in extracellular region. Is expressed in central nervous system and sensory organ. Orthologous to human PLA2R1 (phospholipase A2 receptor 1). [provided by Alliance of Genome Resources, Apr 2022]