Uncaught TypeError is raised for axios.create with axios version 0.22.0

Exception is raised while creating axios instance with below sample code.

const service  = axios.create({
     baseURL: "host",
     timeout: 3000
})

Exception raised

axios.js:1308 Uncaught TypeError: Cannot convert undefined or null to object
    at Function.keys (<anonymous>)
    at mergeConfig (axios.js:1308)
    at Function.create (axios.js:1712)
    at request.js:32
    

Same works with axios version 0.21.4