Hello Neha,
Thanks for your reply and the GIF. However, this isn't what I'm asking for.
I understand the conditional formatting process, and what you have done. However, what I would like to do is avoid setting up multiple conditional rules in favor of using just one that would set the colors based on chosen values. Please see my uploaded image.

Here, I have a set of data in A1:A6, and I want to shade three cells with a color of my choosing. Currently, that is Red.
Cells C4:D6 is a color list, with color names and their RGB values. This list could be of any length, only depending on how many colors I'd like to use.
Cell D1 is a validated (by list) cell that refers to those color names in C4:D6 and returns the RGB values to cell F1. Cells F4, F5, and F6 hold the individual R, G, and B values from F1.
You can see the conditional formatting that I've used, which I have applied to cells A1, A2 and A5. Using this, when I select one of the colors in D1, those three cells will change to the appropriate color. This all works fine, and I've done that all over my
various spreadsheets. But setting up these formats requires that I add another Rule to the conditional formatting for each color that I might want to use. For example, if I wanted to also use Orange, Yellow and Purple, I would have to add three more rules
to this conditional format. And each Rule requires that I go into the Format and hand-select the appropriate color from the charts, just as you have done in your example.
So, let's say for my purposes that I want to use 12 colors. I would have 12 Rules in this conditional format, and would need to hand-pick the colors for each line. This works, but is very tedious.
What I would like is to define a set of colors, and then have conditional formatting refer to the RGB values in cell F1 (or possibly the three cells F4:F6, if it's necessary to pass the individual values).
My aim is to say "Hey, Excel, shade the cells I've indicated to the color that I've chosen in cell D1." In this way, a single Rule could accommodate any number of colors of my choosing, rather than having to define an individual rule for each color (and that
requires me to manually choose the color from the palette), because it would only need to refer to a single data point (or three, if R, G, and B would have to be separated.)
Or perhaps this is beyond the scope of Conditional Formatting, but can be accomplished in some other way (I don't know how to do that, either). Ultimately, the goal is to pick a color in a cell that is referenced by my targeted cells and will be applied instantly
to those cells without so much overhead (so many lines in the CF Rules) and so much effort (selecting from the palette for every Rule).
Thanks, Michael