contrast-color()

contrast-color(red)
contrast-color(var(--backgroundColor))

<label>
  Select background color of the button:
  <input type="color" id="colorPicker" value="#660066" />
</label>
<br />
<button>Submit</button>

:root {
  --button-color: lightblue;
}

button {
  background-color: var(--button-color);

  /* Set contrasting text color automatically */
  color: contrast-color(var(--button-color));
}

body {
  padding: 1rem;
}

button {
  margin: 3rem;
  padding: 1rem;
  width: 150px;
  font-size: 2rem;
  border-radius: 1rem;
}

@supports not (color: contrast-color(red)) {
  body::before {
    content: "Your browser doesn't support the contrast-color() function.";
    background-color: wheat;
    display: block;
    width: 100%;
    text-align: center;
  }

  body > * {
    display: none;
  }
}

const colorPicker = document.getElementById("colorPicker");
const root = document.documentElement;

function updateColor(color) {
  root.style.setProperty("--button-color", colorPicker.value);
}

colorPicker.addEventListener("change", updateColor);
updateColor();

<pre>
    Q: How does CSS transform light into energy?
  Ans: Using <a href="/en-US/docs/Web/CSS/Reference/Properties/font-synthesis">font-synthesis</a>.
</pre>

:root {
  --background-color: navy;
}

@media (prefers-color-scheme: light) {
  :root {
    --background-color: wheat;
  }
}

body,
a {
  background-color: var(--background-color);
  color: contrast-color(var(--background-color));
}

body {
  padding: 2rem;
  font-size: 1.2rem;
}

pre {
  margin-top: 3rem;
}

@supports not (color: contrast-color(red)) {
  body::before {
    content: "Your browser doesn't support the contrast-color() function.";
    background-color: wheat;
    display: block;
    width: 100%;
    text-align: center;
  }

  body {
    background-color: white;
  }

  body > * {
    display: none;
  }
}