That's a good wiring diagram. It even provides motor reversing instructions.
L1 = Mains white wire
L2 = Mains black wire
You will need to wire in a start/stop switch. For your woodworking application, usually this includes an ON/OFF switch AND the big red emergency shut-off button.
If you've never done that before, then you should look at other equipment to learn how it is supposed to be done and what parts you are supposed to be used.
I'm not comfortable holding your hand through the rest of it because it is YOUR safety on the line.

STF

And a suggestion from experience, replace the caps, both of them.
If this has been removed from service it likely that there was some issue.
And in these motors the switch and caps cause 90% of the problems.

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P.E. Metallurgy, Plymouth Tube

What the others said (to be utterly explicit, the wiring instructions are the diagrams at the bottom of the page. Read it in two columns, using the left hand diagram if you want the motor to run anticlockwise and the right hand diagram if you want it to run clockwise) - and connect the green line to Earth (permanently, not through the switch).

A.

Under the Canadian code that motor is listed as 20 Amps.
The maximum allowable breaker ampacity is 50 Amps.
That will provide short circuit protection.
You must use an approved motor starter set at 20 Amps or at the rated current shown n the nameplate to provide overload protection.

Bill
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"Why not the best?"
Jimmy Carter

and based on the your screen name, I would head the safety warnings Kyle