Predicted to enable lipid phosphatase activity and phosphatidate phosphatase activity. Predicted to be involved in several processes, including phospholipid dephosphorylation; phospholipid metabolic process; and signal transduction. Predicted to be located in nucleoplasm. Predicted to be integral component of plasma membrane. Is expressed in several structures, including ear; forebrain; forelimb bud; heart; and notochord. Orthologous to human PLPPR1 (phospholipid phosphatase related 1). [provided by Alliance of Genome Resources, Apr 2022]