Alprazolam (Xanax) is a benzodiazepine medication that can treat anxiety and panic disorder. But it’s a controlled substance and comes with many risks and side effects. Alprazolam is used to treat anxiety and panic disorders. Learn how it works, common side effects, dosing, warnings, and safety tips. Alprazolam is used to treat anxiety disorders and panic disorder (sudden, unexpected attacks of extreme fear and worry about these attacks). Alprazolam is in a class of medications called benzodiazepines. Alprazolam is a benzodiazepine. Benzodiazepines belong to the group of medicines called central nervous system (CNS) depressants, which are medicines that slow down the nervous system. What is this medication? ALPRAZOLAM (al PRAY zoe lam) treats anxiety. It works by helping your nervous system calm down. It belongs to a group of medications called benzodiazepines. Xanax (alprazolam) is a prescription oral tablet used in adults to treat panic disorder with or without agoraphobia and generalized anxiety disorder that requires immediate treatment. Xanax. Find patient medical information for Alprazolam (Xanax) on WebMD including its uses, side effects and safety, interactions, pictures, warnings, and user ratings Alprazolam generic tablets are indicated for the management of anxiety disorder. Learn about side effects, drug interactions, dosages, warnings, and more. Alprazolam (Xanax, Xanax XR, Niravam) is an anti-anxiety drug that belongs to the benzodiazepine class. Common side effects are fatigue, constipation, changes in weight, and addiction (dependency). Alprazolam is taken orally, and is absorbed well – 80% of alprazolam binds to proteins in the serum (the majority binding to albumin). The concentration of alprazolam peaks after one to two hours.