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+1FA82 offers a line break opportunity at its position, except in some numeric contexts.
The CLDR project calls this character βparachuteβ for use in screen reading software. It assigns these additional labels, e.g. for search in emoji pickers: hang-glide, parasail, skydive.
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: πͺοΈ See the Emojipedia for more details on this characterβs emoji properties.
The Wikipedia has the following information about this codepoint:
A parachute is a device used to slow the motion of an object through an atmosphere by creating drag or, in a ram-air parachute, aerodynamic lift. A major application is to support people, for recreation or as a safety device for aviators, who can exit from an aircraft at height and descend safely to earth.
A parachute is usually made of a light, strong fabric. Early parachutes were made of silk. The most common fabric today is nylon. A parachute's canopy is typically dome-shaped, but some are rectangles, inverted domes, and other shapes.
A variety of loads are attached to parachutes, including people, food, equipment, space capsules, and bombs.