This emoji goes beyond just a fast car to symbolize "a sense of speed" itself. It's useful for showing that you've handled something quickly, like when you're rushing to an urgent appointment or finished an assignment fast.

Reflecting the popularity of motorsports like Formula 1 (F1), this emoji can also signify competition and passion. It's used to express the feeling of sprinting towards a goal or the sense of accomplishment after quickly and successfully completing a project. You can also send it to share the joy of victory after winning a game with friends.