This is most likely to be a fashion doll, or a pandora. Pandoras were used from the 14th century to convey the latest fashion among the courts of Europe. By the 18th century this practice had become more common, and these three-dimensional fashion plates were sent all over Europe and America to a much wider clientele by dress makers to promote their wares. By the end of the 18th century the pandoras had given way in importance to fashion magazines. The figures were not designed as toys, but, after they had served their original purpose they may been given to children to play with.
This wooden figure is dressed in a silk sack back robe with matching petticoat and stomacher. She wears all the accessories and underpinnings of a fashionable lady of the late 1750s. The original headed pins suggest that the garments have remained in position since the 18th century and the figure may never have been played with.