I'm not sure what you need, but if you do not need the character properties or the name of the lyre sign, then there is no reason why you cannot use it. Regarding code points, Java just does what you say. As long as you have a font that can display it, you can use any character you like. Java will not check its internal Unicode character database to see if this code point is actually used and refuses to display it if not.
In cases where this occurs, character properties or updated algorithms are required. But the lyre sign is a pretty normal character for these purposes, it would probably be different if you were trying to use U + XNEW COMBINING AWESOMENESS BELOW, but even that would probably require more font than application support.
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