I would love have something like this on a phone but only solution which I thought of other than stop using the app is decompile whole app, remove the reels and recompile it again which is not very viable solution.
here are their available patches for instagram: https://revanced.app/patches?pkg=com.instagram.android
I'll add also, for the odd thing that this doesn't filter, then I use uBlock Origin to filter that particular element.
I apply the 80/20 rule. 8 minutes allowed, followed by 2 minutes blocked. Then at night I reverse it. 2 minutes allowed, 8 minutes blocked. Just enough time to make one search query and then get off my phone. Or if I do get trapped by something, it's only for a short time.