Enables lysophospholipase activity and phosphoric diester hydrolase activity. Involved in N-acylethanolamine metabolic process and phosphatidylcholine catabolic process. Located in endoplasmic reticulum membrane and perinuclear region of cytoplasm. Orthologous to human GDPD3 (glycerophosphodiester phosphodiesterase domain containing 3). [provided by Alliance of Genome Resources, Apr 2022]