Predicted to enable lysophospholipase activity and palmitoyl-(protein) hydrolase activity. Predicted to be involved in acylglycerol catabolic process; prostaglandin catabolic process; and protein depalmitoylation. Predicted to be located in Golgi stack. Predicted to be active in cytoplasm. Orthologous to human LYPLA2 (lysophospholipase 2). [provided by Alliance of Genome Resources, Apr 2022]