It's too small. Let it get 2-3 good sized leaves and more roots the size of the biggest one. Just cut it off with a sterile razor blade or hobby knife. Pot it into your favorite Phal potting mix and treat it like your other Phals.
There is a small chance your hand will be forced if the stem dries up after the flowers fall. In this case pot it up as above. Otherwise I would wait for more growth.
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