Nucleophilic Aromatic Substitution in ring with 4 Substituents

[![enter image description here](https://i.stack.imgur.com/CVScb.png)](https://i.stack.imgur.com/CVScb.png)


Does the chlorine still get substituted by OH in this case?


I was also wondering, if it does get substituted, does anything happen between the ethanol substituent and the phenol -OH? I'm suspecting that there might be some kind of ring formation...just a strange feeling.


Thanks!


