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+1F45B offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “purse” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: clothes, clothing, coin, dress, fancy, handbag, shopping.
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 purse or pouch (from the Latin bursa, which in turn is from the Greek βύρσα, býrsa, oxhide), sometimes called coin purse for clarity, is a small money bag or pouch, made for carrying coins. In most Commonwealth countries it is known simply as a purse, while "purse" in the United States usually refers to a handbag. An obsolete variant is a porte-monnaie. "Purse" can also be a synonym to bursary (which has the same origin), i.e. a monetary prize in a competition.