Fun trivia: this is the default character in the SUSE /etc/bash.bashrc prompt for the non-root user. There's a lot of code doing things, but it boils down to this one example of their prompt defaults:
if test "$UID" = 0 ; then
PS1="${HOST}:${PWD} # "
else
PS1="${USER}@${HOST}:${PWD}> "
fi
A popular distro is shipping this out of the box.