有色 is a separable verb (离合词) meaning 'to have color' or 'colored'. It often appears as a modifier in fixed compounds like 有色眼镜 ('colored glasses', meaning biased perspective) and 有色人种 ('people of color'). As a v.o., it can split — e.g., 有什么色 ('what color does it have?') — but in practice it's more common as an attributive element. The literal sense is straightforward, but the figurative use in 有色眼镜 is the most frequent for learners.