Collecting almost everything related to your favority show on TV is a relatively common hobby. Sonic the Hedgehog is a rather popular anime, so there's no wonder that there are some figurines released that represent various characters from this show.
This statue or figurine is not intended for children to play with for it is an item to be collected and displayed as is. The statues is a representation of Tails, one of Sonic's friends, ready to grab a large diamond.
It comes with a stand of its own, incorporated, so you won't have to worry about how will it stand. None of the parts of the figurine is supposed to move, with the exception of the diamond that seems to be the only loose piece in this product.