Acts on phosphatidylinositol (PtdIns) in the first committed step in the production of the second messenger inositol-1,4,5,- trisphosphate (Probable). Can bind to phosphatidylinositol 4- monophosphate (PI-4-P or PtdIns4P), phosphatidylinositol 4,5- bisphosphate (PI-4,5-P2 or PtdIns4,5P2), and phosphatidic acid (PtdOH), but not to 3-phosphoinositides (PubMed:9712908). May function upstream of the cold response phosphoinositide-dependent phospholipase C (PI- PLC) pathway (PubMed:22318862). {Experimental EvidencePubMed:22318862, Experimental EvidencePubMed:9712908, Curator InferencePubMed:9712908}.