Glycolysis
The breakdown of glucose for energy, which can run with or without oxygen.
Glycolysis is the breakdown of glucose into pyruvate, a ten step pathway in the cell's cytoplasm that yields a small amount of ATP quickly and without needing oxygen. It is the oldest and most universal energy pathway in biology, present in essentially every living cell.
What happens next depends on oxygen and on how fast the pathway is running. With oxygen available and demand moderate, pyruvate enters the mitochondria and is oxidised completely, yielding far more ATP. When glycolysis outruns that capacity, pyruvate is converted to lactate instead, which regenerates the molecules glycolysis needs to keep going.
That branch point is the physiological basis of the lactate threshold. Lactate is not a failure product; converting to it is what allows the fast pathway to continue when the slower aerobic one cannot keep up.
Its yield is small and its speed is the point. Breaking glucose down without oxygen produces a fraction of the ATP that full aerobic oxidation does, but it produces it far faster, which is what covers efforts lasting from roughly ten seconds to a couple of minutes.
Glycogen stored in the muscle feeds it directly, which is why glycogen depletion limits repeated hard efforts and why carbohydrate availability matters most for high intensity training rather than for easy aerobic work.
Training improves both the pathway's capacity and the ability to tolerate and clear what accumulates alongside it, which is what interval training in the thirty second to two minute range is developing.
In practice, this is the system that hurts. Understanding it mainly clarifies why lactate is not the villain and why aerobic fitness improves your recovery between anaerobic efforts.