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+1F6A0 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character โmountain cablewayโ for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: cable, gondola, mountain.
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: ๐ ๏ธ See the Emojipedia for more details on this characterโs emoji properties.
The Wikipedia has the following information about this codepoint:
An aerial lift, also known as a cable car or ropeway, is a means of cable transport in which cabins, cars, gondolas, or open chairs are hauled above the ground by means of one or more cables. Aerial lift systems are frequently employed in a mountainous territory where roads are relatively difficult to build and use, and have seen extensive use in mining. Aerial lift systems are relatively easy to move and have been used to cross rivers and ravines. In more recent times, the cost-effectiveness and flexibility of aerial lifts have seen an increase of gondola lift being integrated into urban public transport systems.