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BRAND NAME(S): Niaspan. USES: Niacin is used with a proper diet and exercise program to help lower bad cholesterol and fats (LDL, triglycerides) and raise good cholesterol (HDL) in the blood. It is generally used after non-drug treatments have not been fully successful at lowering cholesterol.
It is also known as niacin (nicotinic acid) and has 2 other forms, niacinamide (nicotinamide) and inositol hexanicotinate, which have different effects from niacin. All B vitamins help the body convert food (carbohydrates) into fuel (glucose), which the body uses to produce energy.iacin, but not niacinamide, has been used since the 1950s to lower elevated LDL (bad) cholesterol and triglyceride (fat) levels in the blood. However, side effects can be unpleasant and even dangerous. High doses of niacin cause: 1  Flushing of the skin. 2  Stomach upset (which usually subsides within a few weeks). 3  Headache.