Predicted to enable carboxylic ester hydrolase activity and palmitoyl-(protein) hydrolase activity. Acts upstream of or within negative regulation of Golgi to plasma membrane protein transport and protein depalmitoylation. Located in cytosol. Is expressed in brain and genitourinary system. Orthologous to human LYPLAL1 (lysophospholipase like 1). [provided by Alliance of Genome Resources, Apr 2022]