Inositol trisphosphate (IP3) is a signaling molecule that plays a crucial role in cellular communication by functioning as a second messenger. It is produced from the cleavage of phosphatidylinositol 4,5-bisphosphate (PIP2) by the enzyme phospholipase C, which is activated by various extracellular signals such as hormones or growth factors. IP3 primarily acts to mobilize calcium ions from the endoplasmic reticulum, thereby amplifying the signal within the cell and triggering various physiological responses.