A novel compound named pentafluorophenylboron oxalate (PFPBO) has been synthesized. PFPBO has a unique molecular structure containing a boron atom center with electron deficiency and an oxalate group. It is found that when PFPBO is used as additive, the solubility of lithium fluoride (LiF) or lithium oxide (Li 2 O, Li 2 O 2 ) in propylene carbonate (PC) and dimethyl carbonate (DMC) solvents can be increased dramatically. The new electrolytes show high ionic conductivity, high lithium ion transference number and good compatibility with LiMn 2 O 4 cathode and MCMB anode. PFPBO was synthesized with the designed structure to act as a bi-functional additive: boron-based anion receptor (BBAR) additive and stable solid electrolyte interphase (SEI) formation additive in PC-based electrolytes. The results show it does possess these two desired functionalities.