I am studying Hamiltonian mechanics, where the phase space of configuration space $M$ is abstractly represented by the cotangent bundle $ T^*(M) $. Hamiltonian vector fields naturally arise in terms of certain sections $T^*(M)\to T(T^*(M))$ of the tangent bundle on phase space.
My question is as follows; we can treat the phase space itself as the configuration space and iterate the cotangent bundle to obtain $T^*(T^*(M))$, and of course we can construct vector fields as sections of the tangent bundle $T^*(T^*(M))\to T(T^*(T^*(M)))$ . Perhaps this is a naïve question, but does this "iterated phase space" have any physical interpretation, and moreover, do Hamiltonian flows on $T^*(T^*(M))$ correspond to anything useful in physics?