Xanax 1mg refers to a specific dosage of Xanax (alprazolam), which is a prescription medication used primarily to treat anxiety disorders and panic disorders. Xanax is prescribed to manage symptoms of generalized anxiety disorder (GAD) and other anxiety-related conditions. It is also used to treat panic attacks and associated symptoms. Xanax can interact with other medications, especially other central nervous system depressants (such as opioids, other benzodiazepines, and alcohol), which can increase the risk of severe side effects like respiratory depression and sedation.