The reduction phase is a key part of the Calvin cycle in photosynthesis, where carbon dioxide is converted into organic molecules, specifically glyceraldehyde-3-phosphate (G3P). During this stage, ATP and NADPH generated in the light-dependent reactions are utilized to reduce 3-phosphoglycerate (3-PGA) into G3P, enabling the synthesis of carbohydrates and other organic compounds necessary for plant growth and metabolism.