I don't have that one, but I have a similar one and I layer long sleeve tees under it or flowy tops. As far as color I do pretty much anything. I wear it to work with dress pants or skirts and with jeans on the weekends.
What I suggest doing is trying it on over whatever you pick out to wear on a daily basis. You will be surprised how much you will like it with.
__________________
"Despite all your best intentions, sometimes, fate wins anyway."