[Python] pipenv does not use or not working with an older version of Python

I need to use Python 3.7 and so I created a virtual environment with the following command - pipenv shell --python 3.7. And when I try to execute the pipenv lock command, I get the following error - RuntimeError: Failed to lock Pipfile.lock!

My Pipfile:

[[source]]
url = "https://pypi.org/simple"
verify_ssl = true
name = "pypi"

[packages]
flask = "*"

[dev-packages]

[requires]
python_version = "3.7"
python_full_version = "3.7.0"


Here's the full traceback:

PS D:\freelance\apb-master\flaskdir>pipenv --version
pipenv, version 2024.1.0
PS D:\freelance\apb-master\flaskdir>python -V
Python 3.7.0
PS D:\freelance\apb-master\flaskdir>pipenv lock --verbose
Locking [packages] dependencies...
Locking [dev-packages] dependencies...
Building requirements...
Resolving dependencies...
Traceback (most recent call last):
File "C:/Users/mihaj/AppData/Local/Programs/Python/Python312/Lib/site-packages/pipenv/resolver.py", line 6, in <module>
from functools import cached_property
ImportError: cannot import name 'cached_property' from 'functools' (C:\Users\mihaj\AppData\Local\Programs\Python\Python37\lib\functools.py)
Locking Failed!
[ ] Locking dev-packages...
Traceback (most recent call last):
File "<frozen runpy>", line 198, in _run_module_as_main
File "<frozen runpy>", line 88, in _run_code
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Scripts\pipenv.exe\__main__.py", line 7, in <module>
# when invoked as python -m pip <command>
^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\core.py", line 1157, in __call__
return self.main(*args, **kwargs)
^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\cli\options.py", line 52, in main
return super().main(*args, **kwargs, windows_expand_args=False)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\core.py", line 1078, in main
rv = self.invoke(ctx)
^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\core.py", line 1688, in invoke
return _process_result(sub_ctx.command.invoke(sub_ctx))
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\core.py", line 1434, in invoke
return ctx.invoke(self.callback, **ctx.params)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\core.py", line 783, in invoke
return __callback(*args, **kwargs)
^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\decorators.py", line 92, in new_func
return ctx.invoke(f, obj, *args, **kwargs)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\core.py", line 783, in invoke
return __callback(*args, **kwargs)
^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\vendor\click\decorators.py", line 33, in new_func
return f(get_current_context(), *args, **kwargs)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\cli\command.py", line 342, in lock
do_lock(
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\routines\lock.py", line 67, in do_lock
venv_resolve_deps(
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\utils\resolver.py", line 859, in venv_resolve_deps
c = resolve(cmd, st, project=project)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
File "C:\Users\mihaj\AppData\Local\Programs\Python\Python312\Lib\site-packages\pipenv\utils\resolver.py", line 723, in resolve
raise RuntimeError("Failed to lock Pipfile.lock!")
RuntimeError: Failed to lock Pipfile.lock!


I also tried using an older version of pipenv, but it doesn't work either.

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