Small molecular weight with a not-too-long 'greasy' hydrocarbon tail (the phenyl ring). Free alcohol. Carboxylic acid group (probably deprotonoated at physiological pH). I say not very lipid soluble (disclaimer: I am not a biological chemist).
At physiological pH (~7.3) the carboxylic acid will be deprotonated (charged) and the hydroxyl group (alcohol) will be protonated. That deprotonation will drive the deprotonated acid into water. If it is in the protonated acid form, however, it might slip in to a nonpolar lipid phase, but the polar hydroxyl group and the polar carboxylic acid group and low molecular weight are fairly significant strikes against it going into a lipid phase.