The glyph is not a composition. It has no designated width in East Asian texts. In bidirectional text it is written from left to right. When changing direction it is not mirrored. The word that U+0272 forms with similar adjacent characters prevents a line break inside it. The glyph can be confused with one other glyph.
The Wikipedia has the following information about this codepoint:
Ɲ is a letter indicating a palatal nasal. The lowercase form ɲ is used as an IPA symbol. The upper and lower case are used in the orthographies of some African languages (e.g. Bambara and Fula in Mali).
Its Unicode code points are U+019D and U+0272, respectively.