The character in question was originally composed of (teeth) and (child). It represented children's teeth. This later became and . is typically preferred over , so I will use it below. It has two primary meanings: 1) in children, the replacement of old teeth with new teeth; 2) children of an age in which they are loosing their old teeth and growing new ones.
There are several compounds:
* (chōshin): a child around the age of 7 or 8
* (shinchō): (in general) a child
* (shindō): children of an age in which they are loosing their old teeth and growing in new ones