Noun
おうぎ
あの、紫色の扇をもったご婦人は一体どなたですか。
Who on earth is the lady holding the violet folding fan?
The kanji and the word are exactly the same. That means they share meanings as well.
The reading is different from the one you learned with the kanji. Someone waves a folding fan at you, but it just blows hot air at you. "ohh gee" (おうぎ), you say. "Thanks for nothing."