Glyceraldehyde-3-phosphate dehydrogenase (GAPDH) is an essential enzyme in the glycolytic pathway that catalyzes the conversion of glyceraldehyde-3-phosphate into 1,3-bisphosphoglycerate while reducing NAD+ to NADH. This reaction is critical for energy production as it helps in the generation of ATP through subsequent steps in glycolysis and connects to cellular respiration processes.