Xanax, also known as Alprazolam, is a highly potent benzodiazepine commonly used to treat generalized anxiety disorder (GAD), panic disorders, insomnia, and various other anxiety disorders. Xanax is a potent drug with both short- and long-term effects. Xanax is the brand name for alprazolam, an anxiety medication that affects the central nervous system and is used to treat panic disorders and general anxiety disorders. Xanax belongs to the same drug class as benzodiazepines, such as lorazepam and diazepam. It is considered drug abuse when Xanax is taken in any way other than under the direct medical advice of healthcare providers.