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+1F6A1 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “aerial tramway” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: aerial, cable, car, gondola, tramway.
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 Glyph for U+FE0EVariation Selector-15: 🚡︎ See the Emojipedia for more details on this character’s emoji properties.
The Wikipedia has the following information about this codepoint:
An aerial tramway, aerial tram, sky tram, aerial cablecar, aerial cableway, telepherique, or seilbahn is a type of aerial lift which uses one or two stationary ropes for support while a third moving rope provides propulsion. With this form of lift, the grip of an aerial tramway cabin is fixed onto the propulsion rope and cannot be decoupled from it during operations.
In comparison to gondola lifts, aerial tramways generally provide lower line capacities and higher wait times.