1. Anxiolytic effects: Clonazepam is a central nervous system depressant that can help reduce symptoms of anxiety and promote relaxation. It is often prescribed for the short-term management of anxiety disorders, panic disorder, and social anxiety disorder.
2. Anticonvulsant effects: Clonazepam is also used as an anticonvulsant medication to help prevent and control seizures in certain types of epilepsy, such as absence seizures and myoclonic seizures.

Cons:

1. Sedation and drowsiness: Clonazepam is a central nervous system depressant, and one of the common side effects is sedation and drowsiness. This may impair cognitive and motor skills, and can be dangerous when driving, operating heavy machinery, or performing tasks that require alertness and coordination.
2. Risk of dependence and withdrawal: Clonazepam is a benzodiazepine, and long-term use or high doses can lead to dependence and withdrawal symptoms upon discontinuation. Tolerance, physical dependence, and withdrawal syndrome, including rebound anxiety and seizures, can occur with prolonged use or abrupt discontinuation.
3. Potential for abuse: Benzodiazepines, including Clonazepam, have the potential for abuse and misuse, as they can produce a calming or euphoric effect. They are classified as controlled substances in many countries, and their use should be closely monitored to minimize the risk of abuse.