This character is a Letter Number and is mainly used in the Latin script. The codepoint has the numeric value 5. Its lowercase variant is Small Roman Numeral Five.
The glyph is a compatibility version of the glyph Latin Capital Letter V. Its width in East Asian texts is determined by its context. It can be displayed wide or narrow. In bidirectional text it is written from left to right. When changing direction it is not mirrored. If its East Asian Width is “narrow”, U+2164 forms a word with similar characters, which prevents a line break inside it. Otherwise it allows line breaks around it, except in some numeric contexts. The glyph can be confused with one other glyph.
The Wikipedia has the following information about this codepoint:
A numeral (often called number in Unicode) is a character that denotes a number. The decimal number digits 0–9 are used widely in various writing systems throughout the world, however the graphemes representing the decimal digits differ widely. Therefore Unicode includes 22 different sets of graphemes for the decimal digits, and also various decimal points, thousands separators, negative signs, etc. Unicode also includes several non-decimal numerals such as Aegean numerals, Roman numerals, counting rod numerals, Mayan numerals, Cuneiform numerals and ancient Greek numerals. There is also a large number of typographical variations of the Western Arabic numerals provided for specialized mathematical use and for compatibility with earlier character sets, such as ² or ②, and composite characters such as ½.