This character is a Other Symbol and is commonly used, that is, in no specific script. The character is also known as daisy.
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+1F33C offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “blossom” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: flower.
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:
In botany, blossoms are the flowers of stone fruit trees (genus Prunus) and of some other plants with a similar appearance that flower profusely for a period of time in spring.
Colloquially, flowers of orange are referred to as such as well. Peach blossoms (including nectarine), most cherry blossoms, and some almond blossoms are usually pink. Plum blossoms, apple blossoms, orange blossoms, some cherry blossoms, and most almond blossoms are white.
Blossoms provide pollen to pollinators such as bees, and initiate cross-pollination necessary for the trees to reproduce by producing fruit.