Blue Xanax, also known as Alprazolam, is a prescription medication belonging to the benzodiazepine family. It is commonly used to treat anxiety disorders, panic attacks, and sometimes even depression-related anxiety. Uses of Blue Xanax Blue Xanax is primarily prescribed for: Generalized Anxiety Disorder (GAD) Panic Disorder Insomnia caused by anxiety Short-term relief of anxiety symptoms Depression-related anxiety