Ohhh--What a little teeny tiny sweetheart!
You could blow-dry as you said, or gently rub dry with another dry washcloth while holding a little bit closer than usual to heat lamp.
In pic, it looks like there are one or two holes beside the nub--Is that right?
If it further growing doesn't bring additional problems, I think the chick could quite possibly have an enjoyable life.
When it gets older, I'd recommend seeing if you could find an owner for it who keeps only a few pet chickens and in a pretty protected environment. You could put an ad on craigslist.org. I wish I could have it...
If it would be at all possible, it would be ideal to give it 1 or 2 chick buddies (preferably small, non-aggressive ones. If the first new buddy is hard on the chick, wait a couple days before adding the second.) to grow up with. That way it will enjoy its growing up time more & not get so lonely. Plus its buddies can be introduced along with the chick in a new home, helping it be less picked on because it has allies--and because the new-kid picking-on
will be spread out among three new chickens instead of just one.