JSFiddle - React, Tailwind, and code Playground
HTML
<input type="color" id="colorpicker" name="color" value="#ff0000"> <div id="hexcolor"></div>
JavaScript
var color = $('#colorpicker').val();
hexcolor = $('#hexcolor');
hexcolor.html(color);
$('#colorpicker').on('change', function() {
hexcolor.html(this.value);
});