This character is a Other Symbol and is commonly used, that is, in no specific script. The character is also known as handgun and revolver.
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+1F52B offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “water pistol” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: gun, handgun, pistol, revolver, tool, water, weapon.
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 Pistol emoji (🔫) is an emoji defined by the Unicode Consortium as depicting a "handgun" or "revolver".
It was historically displayed as a handgun on most computers (although Google once used a blunderbuss); as early as 2013, Microsoft chose to replace the glyph with a ray gun, and in 2016 Apple replaced their glyph with a water pistol. Since then, its rendering has been inconsistent across vendors. Microsoft changed its glyph back to an icon of a revolver during 2016 and 2017, before switching it to a (differently-styled) ray gun; in 2018, Google and Samsung changed their devices' rendering of the emoji to a water pistol, as well as the websites Facebook and Twitter. In 2024, Twitter (by then known as "X") chose to restore the glyph of a handgun, although instead of a revolver it used a semi-automatic M1911.