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+1F42B offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “two-hump camel” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: bactrian, camel, hump.
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:
The Bactrian camel (Camelus bactrianus), also known as the Mongolian camel, domestic Bactrian camel or two-humped camel, is a large even-toed ungulate native to the steppes of Central Asia. It has two humps on its back, in contrast to the single-humped dromedary. Its population of 2 million exists mainly in the domesticated form. Their name comes from the ancient historical region of Bactria.
Domesticated Bactrian camels have served as pack animals in inner Asia since ancient times. With its tolerance for cold, drought, and high altitudes, it enabled the travel of caravans on the Silk Road. Bactrian camels, whether domesticated or feral, are a separate species from the wild Bactrian camel, which is the only truly wild (as opposed to feral) species of camelid in the Old World.