The pentose phosphate pathway (PPP) is a crucial metabolic pathway that generates NADPH and pentose sugars from glucose 6-phosphate, playing a role in cellular redox balance and biosynthesis. It consists of two phases: the oxidative phase, which produces NADPH and ribose 5-phosphate, and the non-oxidative phase, which interconverts sugar molecules. This pathway is significant for fatty acid synthesis, nucleotide production, and is primarily active in liver and red blood cells.