PMSF (phenyl-methyl-sulfonyl-fluoride) is used as a serine protease inhibitor because it derivatizes the catalytic serine in the active site. However it also reacts with water or (I believe at a slower rate) with ethanol, so that solutions are not stable. To test such a solution it would be nice to add a certain volume to a reagent with which it reacts rapidly and gives a color change, analogous to hydrolysis of nitro-phenyl phosphate as an assay for phosphatase, or reaction of carbonyls with phenylhydrazine. My organic qual textbook has gone missing, and anyway I don't think it lists derivatives for fluorosulfonates, but maybe some chemist could suggest a reaction to suit. Obvious answers that need not be posted are, "set up a protease assay and test inhibition" and "the stuff is cheap- just make fresh solution every time".