Xanax Addiction Advice Xanax is prescribed to treat depression, insomnia, and anxiety issues such as panic attacks or agoraphobia (the fear of open spaces). Xanax is an increasingly popular drug and is recommended only for short periods of time or intermittent use. However, it is often taken for longer periods than recommended.  Because of the length of time and the frequency that it is often taken, risks of dependency are high. Often the body adjusts itself to the dosage, and as a result, the individual must take...