It's used in a similar way to "cheers" when toasting with drinks.
Here are some other options, depending on the context:
* "cin cin": This is the most common and direct equivalent of "cheers" in Italian, and it's literally pronounced "chin chin".
* "saluti": This is a more formal way to say "cheers", and it's often used in written communication or when addressing a group of people.
* "alla salute": This translates to "to health", and it's a more formal and traditional way to toast.
Ultimately, the best translation of "cheers" in Italian will depend on the specific context and the relationship between the speakers.