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+1F921 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “clown face” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: clown, face.
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 clown is a person who performs comedy and arts in a state of open-mindedness using physical comedy, typically while wearing distinct makeup or costuming and reversing folkway-norms. Clowns have a varied tradition with significant variations in costume and performance. The most recognisable clowns are those that commonly perform in the circus, characterized by colorful wigs, red noses, and oversized shoes. However, clowns have also played roles in theater and folklore, like the court jesters of the Middle Ages and the jesters and ritual clowns of various indigenous cultures. Their performances can elicit a range of emotions, from humor and laughter to fear and discomfort, reflecting complex societal and psychological dimensions. Through the centuries, clowns have continued to play significant roles in society, evolving alongside changing cultural norms and artistic expressions.