Enables phospholipase A1 activity and phospholipase A2 activity. Involved in several processes, including ether lipid metabolic process; lens fiber cell differentiation; and triglyceride metabolic process. Acts upstream of or within response to bacterium. Located in several cellular components, including nuclear envelope; perinuclear region of cytoplasm; and peroxisome. Orthologous to human PLAAT3 (phospholipase A and acyltransferase 3). [provided by Alliance of Genome Resources, Apr 2022]