Miconazole Nitrate Cream is an antifungal medicine used to treat fungal infections of the skin. It works by killing the fungus that causes infections such as athlete’s foot, Dhobie Itch, thrush, ringworm and dry, flaky skin. The most common side effects of using this medicine include burning sensation, irritation, itching, and redness at the site of application. It may also cause dryness, peeling, or blistering of the skin.