This document summarizes key information about Saccharomyces cerevisiae:
1) S. cerevisiae is a species of yeast that is used in winemaking, baking, and brewing. It is one of the most studied eukaryotic model organisms.
2) It reproduces by budding and can reproduce sexually by forming haploid spores through meiosis.
3) As a yeast, it is used in brewing beer, where it ferments sugars and produces carbon dioxide, and in baking bread as a leavening agent.