Migrate to Jetpack compose error: Unbound symbols not allowed

Question

I wanted to migrate my existing project to partially use Jetpack compose for it.
So I opened it using Android studio 4.2-canary9 and added

Answer 1

Apparently, this issue has been fixed and will be shipped to Kotlin:1.4.20 (Which is not released at the time)

Google issue tracker reference

Kotlin Pull request

[Update at 27 Nov]

Updating to 1.4.20 leads to another error [Ref]