This character is a Other Letter and is mainly used in the Hangul script. The character is also known as T.
The glyph is not a composition. Its East Asian Width is wide. In bidirectional text it is written from left to right. When changing direction it is not mirrored. U+1110 forms a Korean syllable block with similar characters, which prevents a line break inside it. The glyph can be confused with 15 other glyphs.
The Wikipedia has the following information about this codepoint:
Tieut (character: ㅌ; Korean: 티읕, romanized: tieut) is a consonant of the Korean hangul alphabet. The Unicode for ㅌ is U+314C. It is pronounced aspirated, as [tʰ] at the beginning of a syllable and as [t] at the end of a syllable. For example: 토마토 tomato[tʰomatʰo] but 붙다 butta ("to stick to"), where it is pronounced with an unaspirated [t] sound.