Is it a hatch or hawk?
look to start with weight loss - rear seats etc improve your power to weight ratio
Getting that power is possible but you will pay for it.
Bigger valves, polished ported heads x3 angle cut, Ti springs to cope with high sustained revs, oil pump, oil cooler, uprated coolant pump, block skim, high comp pistons, uprated cams, baffled sump, FPR, uprated fuel pump, possible bigger injectors....
You are talking between 4500 - 5500. that doesnt include any bearings or crank balancing
Your motor does not come with a belt guide so running the high revs you run a risk of the belt jumping.
Consider:
A: a dedicated track car.
B starting with a 2.0 or 2.5 turbo lump and look at fitting your heads post rework. There are quite a few race classes particularly in rally that are non turbo so there are many examples out there but I dont believe they start with your lump
I found my 2.0 hatch to be really softly spring, small arb's etc on a spirited country drive whilst I preferred the feel of the brakes over the larger more wooden sti ones they would fade really quickly and round corners was really wallowing. I do not think it would have lasted one session on the track - If yours is the same I would consider chassis mods alongside weight loss then the engine starting with a doner turbo lump. raise the compression ratio, lumpy cams, port and flow the head, match the manifold and header to the heads
Oh keep a camera handy and start a build thread 😁