I'd fold preflop, but since we're looking at a flop I'll give my thoughts on that. I think you should call here. Given the size of the pot, I doubt raising protects your hand here, and I think it'll rarely fold out any hands with live outs.

Raising will also inflate the pot and make it impossible to protect your hand on the turn, should a safe card fall. This is particularly true if BB 3-bets, which is very likely given that villain bet into a field of 7.

I think the turn decision will provide some interesting discussion.