The cyclization of 2-ethyl-4,5,6,7-tetrahydrobenzofuran-4-one (I) with ethyl formate and hydrazine by means of tBu-OK in THF gives the furo[2,3-g]indazole derivative (II), which is aromatized by means of DDQ in dioxane, yielding intermediate (III). Finally, this compound is condensed with N-(tert-butoxycarbonyl)-O-(tosyl)-L-alaninol (IV) by means of Cs2CO3 in DMF, followed by a treatment with HCl to afford the target YM-348. Alternatively, intermediate (III) is condensed with (R)-propylene oxide (V) by means of NaH in THF to give the propanol derivative (VI), which is treated first with mesyl chloride and TEA in dichloromethane, and then with Na-N3 in DMF to yield the azide (VII). Finally, this compound is reduced with LiAlH4 in THF to afford the target amine YM-348.