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+1F925 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “lying face” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: face, liar, lie, lying, pinocchio.
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:
Pinocchio (pin-OH-kee-oh; Italian:[piˈnɔkkjo]) is a fictional character and the protagonist of the children's novel, The Adventures of Pinocchio (1883) by Italian writer Carlo Collodi of Florence, Tuscany. Pinocchio was carved by a woodcarver named Geppetto in a Tuscan village. He is created as a wooden puppet, but he dreams of becoming a real boy. He is known for his long nose, which grows when he lies.
Pinocchio is a cultural icon and one of the most reimagined characters in children's literature. His story has been adapted into many other media, notably the 1940 Disney film Pinocchio. Collodi often used the Italian Tuscan dialect in his book. The name Pinocchio is possibly derived from the rare Tuscan form pinocchio ('pine nut') or constructed from pino ('pine tree, pine wood') and occhio ('eye').