The affected function has to be used in a very specific way. It's unlikely that this function is used in a way that lends it to exploitation.
Compile time buffer overflow protection should mitigate this problem, preventing exploitation to gain code execution. Thus, this should be limited to a crash only.
This issue has been addressed in the following products:
Red Hat Software Collections for Red Hat Enterprise Linux 6
Red Hat Software Collections for Red Hat Enterprise Linux 6.7 EUS
Red Hat Software Collections for Red Hat Enterprise Linux 7
Red Hat Software Collections for Red Hat Enterprise Linux 7.2 EUS
Red Hat Software Collections for Red Hat Enterprise Linux 7.3 EUS
Via RHSA-2016:2750 https://rhn.redhat.com/errata/RHSA-2016-2750.html