Diacylglycerol is a glycerol molecule bonded to two fatty acid chains, playing a crucial role as a secondary messenger in cellular signaling pathways. It is generated from the hydrolysis of phosphatidylinositol 4,5-bisphosphate (PIP2) by the enzyme phospholipase C, and it acts in concert with other molecules to relay signals that influence various cellular processes, such as metabolism, cell growth, and differentiation.