Concept:
In IUPAC nomenclature, the aldehyde group (\(-CHO\)) has higher priority than the alcohol group (\(-OH\)).
Thus the aldehyde determines the parent chain and numbering starts from the \(-CHO\) carbon.
Step 1: Identify the longest carbon chain containing the aldehyde group.
The compound contains 4 carbon atoms, so the parent chain is butanal.
\[
CHO-CH_2-CH(OH)-CH_3
\]
Step 2: Number the carbon atoms.
Numbering starts from the aldehyde carbon.
\[
1-CHO,\quad 2-CH_2,\quad 3-CH(OH),\quad 4-CH_3
\]
Step 3: Identify substituents.
The \(-OH\) group is present at carbon 3.
Thus the IUPAC name is:
\[
\boxed{3\text{-Hydroxybutanal}}
\]