Magento 2.4.4 admin panel - Uncaught SyntaxError: Unexpected token 'const'

[sanchit-redmonks]

Summary (*)

Magento 2.4.4 running on PHP 8.1 in Production mode

If you enable the js bundling and minify the scripts.
php bin/magento config:set dev/js/minify_files 1
php bin/magento config:set dev/js/enable_js_bundling 1

After running the deployment and logging into the admin panel. We can't click on any menue option. There is an error in the browser console: Uncaught SyntaxError: Unexpected token 'const'

Preconditions (*)

1. PHP 8.1
2. Magento 2.4.4, 2.4-develop
3. Magento instace should be in production mode

Steps to reproduce (*)

1. Enable JS bundling.
2. Minify the JS files
3. Run deployment
4. Login to the admin panel.

Expected result (*)

We should be able to access admin panel without any error.

Actual result (*)

We are getting the following error and not able to click on any menu option:

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Please provide Severity assessment for the Issue as Reporter. This information will help during Confirmation and Issue triage processes.

• Severity: S0 - Affects critical data or functionality and leaves users without workaround.
• Severity: S1 - Affects critical data or functionality and forces users to employ a workaround.
• Severity: S2 - Affects non-critical data or functionality and forces users to employ a workaround.
• Severity: S3 - Affects non-critical data or functionality and does not force users to employ a workaround.
• Severity: S4 - Affects aesthetics, professional look and feel, “quality” or “usability”.

[m2-assistant]

Hi @sanchit-redmonks. Thank you for your report.
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[m2-assistant]

Hi @engcom-November. Thank you for working on this issue.
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[engcom-November]

Verified the issue on Magento 2.4.4 version and 2.4-develop branch as well and the issue is reproducible on both the versions
Configured JS Bundling as per devdocs
Login to admin - Unable to navigate to any other pages. None of the Menu options are working.