Suppose $\mathbf{X}_1, \dots, \mathbf{X}_n \sim N_p(\mathbf{\mu}, \Sigma)$ where $\mu \in \mathbb{R}^p$ and $\Sigma$ is a $p \times p$ covariance matrix.
Suppose $\hat{\Sigma}$ is the sample covariance matrix, and $\bar{\mathbf{X}}$ is the sample mean, then we know that
$$n(\mathbf{\bar{X}} - \mu)^T \hat{\Sigma}^{-1}(\mathbf{\bar{X}} - \mu) \sim T^2_{p,n-1}\,, $$ where $T^2_{p,n-1}$ is the Hotelling T-squared distribution with dimensionality parameter $p$ and degrees of freedom $n-1$. Discussion on this can be found here. There is also an alternative $F$-distribution representation of the Hotelling $T^2$.
Q. Is there a known distributional form of $Y = \sqrt{n}\hat{\Sigma}^{-1/2}(\bar{\mathbf{X}} - \mu) $?
When $p = 1$, we know that $Y \sim t_{n-1}$ distribution. However, for $p > 1$, from the description of the multivariate $t$ distribution here, $Y$ is not distributed like a multivariate $t$ distribution.