Less than brilliant idea.
1. The body is held by one nut. In time the faucet will be out of level and it will get loose.
2. The wooden supply lines cover back splash will deteriorate with leaks.
3. To change supply lines, you will need to detach the whole cabinet in order to gain access.
If you absolutely have to have a wall mount, stick to a traditional wall mount faucet.
Wall mount faucets used to be popular, but they disappeared in the last 20-25 years. Go to any faucet shop and you'll see dozens of counter mount faucets available and only one or two wall mount available.