How can you change the color of a layer in the timeline?

Changing the color of a layer in the timeline is effectively achieved by clicking on the colored square in the "Label" column. This action allows you to select a color that represents the layer, which is particularly beneficial for organization within the timeline. The colored square serves not only as a visual identifier but also aids in quickly distinguishing between different layers and their functions.

While other methods related to color adjustments, such as RGB values, color picking, and applying effects, serve their respective purposes in color grading and design, they do not provide a straightforward way to change the label color for the purpose of layer organization directly in the timeline. This makes using the label column color square a practical and intuitive way to manage layers visually while working on a project.