Pepsin is an enzyme that functions as a protease, meaning it breaks down proteins into smaller peptides. It is produced in the stomach and plays a crucial role in the digestion of proteins. Pepsin works by cleaving the peptide bonds between amino acids, which allows for the absorption and utilization of amino acids by the body. Lipase, rennin, and amylase, on the other hand, are enzymes that are involved in the digestion of fats, milk proteins, and carbohydrates, respectively.