This character is a Other Punctuation 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. The word that U+2043 forms with similar adjacent characters prevents a line break inside it. The glyph can be confused with one other glyph.
The Wikipedia has the following information about this codepoint:
The hyphen‐ is a punctuation mark used to join words and to separate syllables of a single word. The use of hyphens is called hyphenation. Son-in-law is an example of a hyphenated word.
The hyphen is sometimes confused with dashes (en dash –, em dash — and others), which are wider, or with the minus sign −, which is also wider and usually drawn a little higher to match the crossbar in the plus sign +.
As an orthographic concept, the hyphen is a single entity. In character encoding for use with computers, it is represented in Unicode by any of several characters. These include the dual-use hyphen-minus, the soft hyphen, the nonbreaking hyphen, and an unambiguous form known familiarly as the "Unicode hyphen". The character most often used to represent a hyphen (and the one produced by the key on a keyboard) is called the "hyphen-minus" by Unicode, deriving from the original ASCII standard, where it was called "hyphen(minus)".