Enables acylglycerol lipase activity and phospholipase activity. Involved in monoacylglycerol catabolic process; phosphatidylserine catabolic process; and prostaglandin catabolic process. Predicted to be integral component of membrane. Predicted to be active in membrane. Orthologous to human ABHD16A (abhydrolase domain containing 16A, phospholipase). [provided by Alliance of Genome Resources, Apr 2022]