This character is a Other Letter and is mainly used in the Egyptian Hieroglyphs script.
The glyph is not a composition. It has no designated width in East Asian texts. In bidirectional text it is written from left to right. When changing direction it is not mirrored. The word that U+1334D forms with similar adjacent characters prevents a line break inside it.
The Unikemet database provides additional information about this hieroglyph. It is described there as βA drill, with a half-circle handle, with a backwards tick on top of the handle, with a forked drill-bit with a horizontal line on top of the forked drill-bit, with a short vertical stroke next to the drill, connected to the handle.β.
The Wikipedia has the following information about this codepoint:
The Hand drill is a hieroglyph, (and tool), used in ancient Egypt from the earliest dynasties. As a hieroglyph, it can also be used as a determinative for words related to the profession of vase, bowl, pot-making, etc., typically from fine-grained, colorful rare stone, for example unguent jars. The size of drills was small-to-large, small for small unguent jars, and large for more massive, grain-storing pottery. The original jars found in tombs were more often used for ceremonial usages, presumably the reason they are found as grave goods or tomb offerings.
A drill, with a half-circle handle, with a backwards tick on top of the handle, with a forked drill-bit with a horizontal line on top of the forked drill-bit, with a short vertical stroke next to the drill, connected to the handle.