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+26BD offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “soccer ball” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: ball, football, futbol, soccer, sport.
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:
A football or soccer ball is the ball used in the sport of association football. The ball's spherical shape, as well as its size, weight, mass, and material composition, are specified by Law 2 of the Laws of the Game maintained by the International Football Association Board. Additional, more stringent standards are specified by FIFA and other big governing bodies for the balls used in the competitions they sanction.
Early footballs began as animal bladders or stomachs that would easily fall apart if kicked too much. Improvements became possible in the 19th century with the introduction of rubber and discoveries of vulcanization by Charles Goodyear. The modern 32-panel ball design was developed in 1962 by Eigil Nielsen, and technological research continues to develop footballs with improved performance. The 32-panel ball design was soon joined by 24-panel balls as well as 42-panel balls, both of which improved on performance prior to 2007.
A black-and-white patterned spherical truncated icosahedron design, brought to prominence by the Adidas Telstar, has become a symbol of association football. Many different designs of balls exist, varying both in appearance and physical characteristics.