This character is a Other Symbol and is commonly used, that is, in no specific script. The character is also known as porkchop, chop and steak.
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+1F969 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character “cut of meat” for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: chop, cut, lambchop, meat, porkchop, red, steak.
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 primal cut or cut of meat is a piece of meat initially separated from the carcass of an animal during butchering. Examples of primals include the round, loin, rib, and chuck for beef or the ham, loin, Boston butt, and picnic for pork.
Different countries and cultures make these cuts in different ways, and primal cuts also differ between type of carcass. The British, American and French primal cuts all differ in some respects. For example, rump steak in British and Commonwealth English is commonly called sirloin in American English. British sirloin is called porterhouse by Americans. Another notable example is fatback, which in Europe is an important primal cut of pork, but in North America is regarded as trimmings to be used in sausage or rendered into lard. The primal cuts may be sold complete or cut further.
The distinct term prime cut is sometimes used to describe cuts considered to be of better quality; for example in the US Department of Agriculture meat grading systems, most use prime to indicate top quality.