do you think I can just patch it in with some Rubber Glue or should I be considering changing the tire? It doesn't seem like there is any deeper crack in the tire, just a little piece chipped off, it's still hanging on to the tire I can just glue it in.
Looks like that was just the tire's rub strip doing it's job. No need to do anything about this, other than (maybe) fix the wheel rash (if it bother you).
This is exactly why the tire rub strips are installed where they are - to provide limited protection to the structural sidewall from damage.
As others have stated, if the sidewall material itself was penetrated and you can see metal/polyester plies, then it's only a matter of time before they get corroded or further damaged. In THAT case, you should replace the tire.
More info on tire construction: