Not that hard manually, at least for such a dial where you have markings at 90° angles.
- Start the perspective tool (Clipping: Adjust)
- Adjust the handles so that the 4 lines are tangent to the dial circle at 90° angles (ie, 3,6,9,12 hours).
- Apply, this gives you a rectangle
- Image>Scale image, unlink the dimensions, set one of the dimensions equal to the other
- Apply. Now you clock is round
- To recover the rest f the image: Image>Fit canvas to layers and crop what you don't need.