Uses of Xanax extend beyond anxiety disorders, encompassing conditions like panic disorders, certain phobias, and insomnia. However, it's essential to be aware of potential side effects, which may include drowsiness, dizziness, headache, and changes in appetite. In some cases, Xanax may cause more severe side effects such as respiratory depression, confusion, and paradoxical reactions. As such, it's crucial to use Xanax under medical supervision and adhere to prescribed dosages.