Learn about what Xanax is, how it works and the risks and benefits. Xanax, also called alprazolam, is a prescription drug in the benzodiazepine family. It is primarily prescribed for the purpose of managing anxiety disorders and panic attacks. XANAX is approved to treat anxiety disorders, provide short-term anxiety relief, and treat panic disorder, with or without agoraphobia. Take XANAX exactly as prescribed by your doctor to avoid serious side effects that may occur like addiction, coma, or death. Alprazolam, sold under the brand name Xanax among others, is a fast-acting, potent tranquilizer of moderate duration within the triazolobenzodiazepine group of chemicals called benzodiazepines. [15] 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. This medicine is available only with your doctor's prescription. This product is available in the following dosage forms: Xanax (alprazolam) is a prescription tablet for generalized anxiety disorder and panic disorder. Learn about side effects, dosage, uses, and more. Overview: Alprazolam is a benzodiazepine medicine used to treat anxiety and panic disorder. It works by calming activity in the brain, which helps ease worry and promote relaxation. People take. Xanax is a short-acting benzodiazepine used to treat anxiety and panic disorders. It is a federal controlled substance (C-IV). Xanax (alprazolam) is a benzodiazepine medication used to treat anxiety and panic disorders. Includes side effects, interactions and safety information. In the U.S., Farmapram is called alprazolam (brand name: Xanax). Farmapram is a Mexican brand of alprazolam, a benzodiazepine used to treat anxiety and panic disorder. How Xanax affects your body can vary by your age, mental state when you take the drug, dosage, and other factors. It may have a sedative effect that can make you feel calmer.