This character is a Other Symbol and is commonly used, that is, in no specific script.
The glyph is not a composition. It has no designated width in East Asian texts. In bidirectional text it acts as Other Neutral. When changing direction it is not mirrored. U+1F77F offers a line break opportunity at its position, except in some numeric contexts.
The Wikipedia has the following information about this codepoint:
Orcus (minor-planet designation: 90482 Orcus) is a dwarf planet located in the Kuiper belt, with one large moon, Vanth. It has an estimated diameter of 870 to 960Β km (540 to 600Β mi), comparable to the Inner Solar System dwarf planet Ceres. The surface of Orcus is relatively bright with albedo reaching 23 percent, neutral in color, and rich in water ice. The ice is predominantly in crystalline form, which may be related to past cryovolcanic activity. Other compounds like methane or ammonia may also be present on its surface. Orcus was discovered by American astronomers Michael Brown, Chad Trujillo, and David Rabinowitz on 17 February 2004.
Orcus is a plutino, a trans-Neptunian object that is locked in a 2:3 orbital resonance with the ice giant Neptune, making two revolutions around the Sun to every three of Neptune's. This is much like Pluto, except that the phase of Orcus's orbit is opposite to Pluto's: Orcus is at aphelion (most recently in 2019) around when Pluto is at perihelion (most recently in 1989) and vice versa. Orcus is the second-largest known plutino, after Pluto itself. The perihelion of Orcus's orbit is around 120Β° from that of Pluto, while the eccentricities and inclinations are similar. Because of these similarities and contrasts, along with its large moon Vanth that can be compared to Pluto's large moon Charon, Orcus has been dubbed the "anti-Pluto." This was a major consideration in selecting its name, as the deity Orcus was the Roman/Etruscan equivalent of the Roman/Greek Pluto.