The program for micro-controller is placed into serial EEPROM.
That will never work, you need the program in a random access 8 bit wide memory.
At second, the compiled code should be downloaded into standard I2C EEPROM.
no, no, no
However, I'm not familiar with image file object code?? formats for 8052. ... just recommend me thomething to read about hex(bin) files.
Why, that is what the linker produces.

Erik