There are two ways to split your product:

1. Split by attribute

Your product, for instance, has 2 attributes : ‘Color’ and ‘Material’, you can choose one of them and plugin creates separate products based on these 2 attributes.

Go to Product Options → Attributes → Click the Split icon near the attribute you want your product to be split by:

If you split by color you will end up with 2 products of Transparent and Black colors with 6 variations (based on Material attribute):

The name of the attribute you used for split will be added to your product’s title.

2. Split by variation

Go to Variations → Select a variation you want to split → Click Bulk action → Split:
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You will get this particular Variation as a separate product: