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It's well played. Nothing wrong with bet/folding weak One pair hands on drawy flops against unknown villains. He could have JT, JJ, TT, 55, AJ, KJ, KQ, FD, etc here. It's very unlikely he is raising a worse made hand, and all of his draws have 35%+ equity, which is best case scenario for you (other than him bluffing). However, worse case scenario he has a better made hand, and you are either nearly drawing absolutely dead or have 3-5 outs, of which you aren't sure which are good.
Your hand likely doesn't have enough equity to 3bet the flop, and a call puts you into a lot of tricky/terrible situations on the turn.
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