Applying the principle of energy conservation, we equate the initial potential energy of the rod to its rotational kinetic energy when it reaches the horizontal position:
\[
PE_{\text{initial}} = KE_{\text{rot}}.
\]
Since the center of mass of the rod is at a height of \( L \sin \alpha \) above the final position, the initial potential energy is:
\[
MgL \sin \alpha = \frac{1}{2} I \omega^2.
\]
For a uniform rod pivoted at one end, the moment of inertia is:
\[
I = \frac{1}{3} M (2L)^2 = \frac{4}{3} M L^2.
\]
Substituting this into the energy equation gives:
\[
gL \sin \alpha = \frac{2}{3} L^2 \omega^2.
\]
Rearranging to solve for the angular velocity, we get:
\[
\omega = \sqrt{\frac{3g \sin \alpha}{2L}}.
\]
Final answer: The angular velocity is
\[
\boxed{\sqrt{\frac{3g \sin \alpha}{2L}}}.
\]