The Actuator Line Method (ALM) is a technique that replaces the detailed airfoil geometry with distributed body forces to predict the flow field. ALM has been widely employed for simulating rotating blade wakes due to its flexibility and accuracy in the far field. In this study, the applicability of ALM for unsteady aerodynamics and acoustic field prediction is evaluated. The case study considered is the harmonic transverse oscillation of a thin airfoil in uniform flow. The ALM body forces are distributed over a few grid points following a Gaussian function, with a range of smearing ratio of epsilon/c. (smearing parameter over the chord length) between 0.4 and 1. These forces are computed using thin airfoil theory with the Prandtl-Glauert correction for compressible regime. Based on these computations, the compressible Navier-Stokes equations are numerically solved, yielding the velocity and pressure fields. ALM lift results are validated against unsteady aerodynamic theory in the subsonic regime. Moreover, results demonstrate an acoustic field consistent with a dipole distribution and a spectrum exhibiting a frequency corresponding to the plunging motion. Furthermore, the acoustic results are validated through an acoustic analogy approach, involving the prediction of the acoustic field via Green's function. The prediction of the acoustic far-field using ALM is expected to significantly reduce the computational cost of compressible simulations applied to propeller and wind turbine aeroacoustics.