Etizolam Treats Anxiety and Depression Effectively Well Description Etizolam is a prescription drug used for the treatment of acute anxiety and insomnia. It has also been found effective as a muscle relaxant, with sedative effects. Etizolam is a thienodiazepine derivative, a benzodiazepine analog similar to diazepam (Valium). The drug depresses the central nervous system and it is more potent than Valium for most of its effects. Since it acts on certain receptors of the brain and calms the brain, it offers soothing effects to the brain. Etizolam has amnesic, anxiolytic, hypnotic, sedative, and anticonvulsant properties.