Yes, because of its pustules    

Because alder strengthens, drains and ventilates soil, it protects wetlands from becoming marshland. Alder has small horizontal sap pustules, and the freshly cut sap is orange-red, like blood. Most durable when constantly wet, alder wood has been in use for centuries to create bridges, pumps, sluices and piles (for causeways across marshes and to support buildings). Older still are the crannogs - built in Neolithic times.

Glutinosa        

Alder leaves appear after the flowers, and are sticky to begin with (hence its latin name glutinosa). The male catkins hang down like the birch (alder belongs to the birch family), while the female catkins mature into dark woody cones, sometimes called wattles, that often stay on the tree during the winter while the winged nutlets, using tiny air bags, fly or float away on the water to germinate downstream.

The answer to the old riddle of "what can no house ever contain?" was simply "the piles on which it is built". This refers to the fact that houses long ago depended on alder. Crannogs were built on alder piles and indeed ancient cities, including Venice. Bog alder or ‘scottish mahogany' is excellent for chairs due to long immersion in bog.

Alder roots grow deeply into wet ground, binding soggy soils that other trees cannot survive in because of a lack of oxygen. This binding protects river banks from eroding therefore, and the alder also achieves this by fixing nitrogen in its roots through a bacteria (frankia alni) that form large knots in the roots as well as from the air, which is why ground under alders is often covered in black leaves in autumn (a sign of nitrogen) when this mineral is given back to the plants around it.