Xanax is often used to treat patients with anxiety disorders and panic attacks which may manifest symptoms such as trembling, restlessness, flushing, shortness of breath, sweating, palpitation, etc. It could also be used for other conditions as per need. Xanax, known as Alprazolam in its generic form, has seen a steep rise in popularity, with some analysts saying it has become one of the top few medications used by young people.