Rubisco, or ribulose bisphosphate carboxylase/oxygenase, is an essential enzyme in the process of photosynthesis that catalyzes the first major step of carbon fixation. This enzyme facilitates the conversion of carbon dioxide into organic compounds, specifically ribulose bisphosphate (RuBP), playing a crucial role in the Calvin cycle. Rubisco is known for its inefficiency and tendency to react with oxygen, leading to a process called photorespiration, which can impact plant productivity.