Bismillah ir-rahman ir-raheem
(In the name of God the most compassionate most merciful), 

The short answer is No. You would not be acting in best character that aligns with the message of the Prophets.

and the long answer for clarifications:

Commonly people refer to this ayat:
"Men are the caretakers of women, as men have been provisioned by Allah over women and tasked with supporting them financially. And righteous women are devoutly obedient and, when alone, protective of what Allah has entrusted them with.1 And if you sense ill-conduct from your women, advise them ˹first˺, ˹if they persist,˺ do not share their beds, ˹but if they still persist,˺ then discipline them ˹gently˺.2 But if they change their ways, do not be unjust to them. Surely Allah is Most High, All-Great." [4:34]

Some translations mention "beat them" and the like. Realistically we can read translations all day long, the heart of the Quran is in arabic, it's true knowledge is in the arabic language. Things can always be mistranslated or not shared "properly" due to the variance in language.

Then of course, we can see the chosen English translated word but how frequently is the arabic word used in the Quran? In what context have we previously seen it used? Does it still fit?

That's a lot to take in, and I am not a fluent arabic reader or speaker myself.

So using the above scenario may not fit for this explanation and I understand some people may not want that. So if this doesn't suit you and you would like to take the verse for what it is exactly how you see it, then let's do that.

What's the verse talking about? Women who may be sleeping with another man. While also being married to a man who is financially supporting her and doing everything in his power to care for her and possibly the children if they have them.

So what does God say you have a right to do in this situation? If we look to Islam there are rules. The guidelines lay directly in the ayat above.

First, If a man fears that his woman is doing this foul deed. Can he just divorce her? No. He must still provide and take care of her. That is a hefty task knowing your woman is sleeping around on you, right? So he must advise her, talk to her about this.

She doesn't stop? Well, now what? Can he just leave and divorce her now? No. He must continue to take care of her, provide a home, food, financial support, everything. While she is committing ill conduct.

So God says if they persist, separate beds. That means you will no longer lay next to one another. This may give them time to think on their action that they are no longer lying with their partner, they have the opportunity to see the pain they have caused upon their partner.

What if they don't care? After all the above rules have been fallowed and she is STILL sleeping around, what can be done? Now here is the opportunity to discipline. You are given the permission to lightly discipline.

The main inititivate here is your intentions. If you are following guidance from God and are intending to keep your intentions pure, you will keep your response in alignment with that. So your priority or goal would be to prevent divorce and realistically beating your wife won't take you there so to assume an illogical response does not follow the message of the Quran that it has displayed time and time again.

God is the best advisor and has sent His prophets to teach us the best character. Which prophet did He send that beat their wives?

The ayat directly after states:
"If you anticipate a split between them, appoint a mediator from his family and another from hers. If they desire reconciliation, Allah will restore harmony between them. Surely Allah is All-Knowing, All-Aware." [4:35]

So while the goal is to prevent separation, every situation is different and God is the All Aware. The final discipline can also be separation. This is left up to each individual relationship. Should the couple choose to regain that bond then it is God who can restore harmony between them.

So let's clarify.

No. You cannot beat a woman. Islam teaches us to have the best character and beating a women is not acting in your best character.

Now, there are men who beat women, in doing so they are not following islam so do not attempt to connect the two.

Women are held a high and respectful status in Islam. Alhumdulillah!