The pentose phosphate pathway is a metabolic pathway parallel to glycolysis that generates NADPH and pentoses. It occurs mainly in the cytoplasm of liver and red blood cells. Glucose-6-phosphate enters the pathway and undergoes oxidative and non-oxidative reactions. The oxidative reactions produce NADPH, while the non-oxidative reactions produce pentoses and glycolytic intermediates. The overall reaction generates NADPH, CO2, and pentoses from glucose, with NADPH used for lipid and nucleotide biosynthesis and antioxidant defenses.