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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.
Niacin is a water-soluble B vitamin vitamin B3 - and the common name for 2 very different compounds: nicotinic acid and niacinamide. High doses of niacin (as nicotinic acid) can lower cholesterol levels (although the exact mechanism of action is still not known).iacin is a water-soluble B vitamin vitamin B3 - and the common name for 2 very different compounds: nicotinic acid and niacinamide. High doses of niacin (as nicotinic acid) can lower cholesterol levels (although the exact mechanism of action is still not known).