低 is built from the 亻 (person (left)), 氏, and 一 components.
It belongs to a phonetic family with 底, 邸, and 抵 — they share the 氏 component and the reading テイ.
A common word using 低 is 低い (ひくい), meaning “short, low”.
Don't confuse it with 底, 抵, 邸, and 紙.