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Xanax and Blue Xanax: Identification, Dosage, Legal Status, and Safety Overview Informational Guide for Clinical, Forensic, and Regulatory Contexts Alprazolam , commonly known by the brand name  Xanax , is a prescription benzodiazepine used to treat anxiety and panic disorders. The term “Blue Xanax” is frequently used to describe certain blue-colored alprazolam tablets, typically 1 mg or 2 mg strengths. Because alprazolam is a  Schedule IV controlled substance in the United States , it is regulated due to its potential for dependence, misuse, and diversion. This article provides a neutral, medically accurate overview of  Xanax  and blue alprazolam tablets for research, compliance, healthcare, and forensic purposes. What Is Xanax? Xanax  is the brand name for alprazolam, a central nervous system depressant in the benzodiazepine class. It works by enhancing the effects of gamma-aminobutyric acid (GABA), a neurotransmitter that reduces brain activity. Approved Medi...