This letter stands thirty ninth, the last of the four yus letters, and writes a glide followed by the nasal back vowel. It carries no numeral value.
It is built on the big yus with the glide sign in front of it, and it is the rarest sign in the alphabet. The sequence it writes was uncommon in Old Church Slavonic to begin with, and the letter is correspondingly scarce in the manuscripts.
That scarcity has consequences for what can be said about it. A letter written often is written consistently, because scribes have plenty of practice and plenty of exemplars; a letter written rarely drifts. This one is confused with the plain big yus from an early date, is sometimes replaced by a two letter spelling, and appears in different manuscripts in forms different enough that establishing a single canonical shape is not straightforward.
Nothing of it survives. When the nasal vowels went, the whole of its business went with them, and unlike the little yus it had no shape simple enough to be worth keeping for another purpose.
It is nevertheless part of the alphabet rather than an oddity, because the alphabet lists include it and because the system it belongs to is symmetrical: two nasal vowels, each with a plain and an iotified form, is a complete design, and a complete design is evidence about the people who made it.