Thanks for the response. I did some work on the tank, moved the hardscape around, and actually had some great behavior out of the fish afterward with it exploring the whole tank, feeding, and interacting with tank mates. Unfortunately, that was only temporary as the fish is now back to hiding. Guess I just need to keep troubleshooting scaping elements until I find something it likes.
Update: I may have jumped the gun on posting this. I just got done feeding the tank, and while the fish was still skittish, he was out and about with no problems. Hopefully, it stays this way. From watching his behavior, I think moving the coconut hut and pot to the opposite side of the tank is what did it and he feels safer about being out and about. I am still unsure what caused this behavior to suddenly start in the first place though.