NADPH, or nicotinamide adenine dinucleotide phosphate, is a coenzyme that acts as an electron carrier in the cell. It plays a crucial role in anabolic reactions, where it provides the reducing power necessary for biosynthesis and helps to drive processes such as the Calvin cycle and carbon fixation in photosynthesis. By delivering electrons and protons, NADPH supports the conversion of carbon dioxide into glucose and other organic compounds.