Enables carboxylic ester hydrolase activity and glycosphingolipid binding activity. Predicted to be involved in several processes, including cholesterol catabolic process; neuron cell-cell adhesion; and synapse assembly. Predicted to act upstream of or within ceramide catabolic process. Located in several cellular components, including membrane raft; rough endoplasmic reticulum; and zymogen granule. Part of protein-containing complex. Human ortholog(s) of this gene implicated in lipomatosis; maturity-onset diabetes of the young type 8; type 1 diabetes mellitus; and type 2 diabetes mellitus. Orthologous to human CEL (carboxyl ester lipase). [provided by Alliance of Genome Resources, Apr 2022]