The exceptional superalgebra D(2, 1; alpha) has been classified as a candid
ate conformal supersymmetry algebra in two dimensions. We propose an altern
ative interpretation of it as an extended BFV-BRST quantization superalgebr
a in 2D (D(2, 1; 1) similar or equal to osp(2,2/2)). A superfield realizati
on is presented wherein the standard extended phase space coordinates can b
e identified. The physical states are studied via the cohomology of the BRS
T operator, Finally we reverse engineer a classical action corresponding to
the algebraic model we have constructed, and identify the Lagrangian equat
ions of motion.