This character is a Other Symbol and is commonly used, that is, in no specific script.
The glyph is not a composition. Its East Asian Width is wide. In bidirectional text it acts as Other Neutral. When changing direction it is not mirrored. U+1F33A offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “hibiscus” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: flower, plant.
This character is designated as an emoji. It will be rendered as colorful emoji on conforming platforms. To reduce it to a monochrome character, you can combine it with Variation Selector-15: 🌺︎ See the Emojipedia for more details on this character’s emoji properties.
The Wikipedia has the following information about this codepoint:
Hibiscus is a genus of flowering plants in the mallow family, Malvaceae. The genus is quite large, comprising several hundred species that are native to warm temperate, subtropical and tropical regions throughout the world. Member species are renowned for their large, showy flowers and those species are commonly known simply as "hibiscus", or less widely known as rose mallow.
The genus includes both annual and perennial herbaceous plants, as well as woody shrubs and small trees. The generic name is derived from the Greek name ἰβίσκος (ibískos) which Pedanius Dioscorides gave to Althaea officinalis (c. 40–90 AD).
Several species are widely cultivated as ornamental plants, notably Hibiscus syriacus and Hibiscus rosa-sinensis.
A tea made from the flowers of Hibiscus sabdariffa is known by many names around the world and is served both hot and cold. The beverage is known for its red colour, tart flavour, and vitamin C content.