This character is a Other Symbol and is commonly used, that is, in no specific script. The character is also known as ticket.
The glyph is not a composition. It has no designated width in East Asian texts. In bidirectional text it acts as Other Neutral. When changing direction it is not mirrored. U+1F39F offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “admission tickets” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: admission, ticket, tickets.
This character is designated as an emoji. It will be rendered as monochrome character on conforming platforms. To enable colorful emoji display, you can combine it with Variation Selector-16: 🎟️ See the Emojipedia for more details on this character’s emoji properties.
The Wikipedia has the following information about this codepoint:
A ticket is a voucher that indicates that an individual is entitled to admission to an event or establishment such as a theatre, amusement park, stadium, or tourist attraction, or has a right to travel on a vehicle, such as with an airline ticket, bus ticket or train ticket. An individual typically pays for a ticket, but it may be free of charge. A ticket may serve simply as proof of entitlement or reservation. A ticket may be valid for any seat (called "free seating" or "open seating") or for a specific one (called "allocated seating" or "reserved seating").