3D Viewer Remote Code Execution Vulnerability

According to the CVSS metric, the attack vector is local (AV:L). Why does the CVE title indicate that this is a remote code execution?
The word Remote in the title refers to the location of the attacker. This type of exploit is sometimes referred to as Arbitrary Code Execution (ACE). The attack itself is carried out locally. This means an attacker or victim needs to execute code from the local machine to exploit the vulnerability.

According to the CVSS metric, user interaction is required (UI:R). What interaction would the user have to do?
An attacker must send the user a malicious file and convince them to open it.

According to the CVSS metric, successful exploitation of this vulnerability could lead to total loss of confidentiality (C:H), integrity (I:H), and availability (A:H). What does that mean for this vulnerability?
An attacker who successfully exploits this vulnerability could perform a remote attack that could enable access to the victim's information and the ability to alter information. Successful exploitation could also potentially cause downtime for the targeted environment.

How do I get the updated app?
The Microsoft Store will automatically update affected customers. Alternatively, customers can get the update immediately; see here for details.
It is possible for customers to disable automatic updates for the Microsoft Store. The Microsoft Store will not automatically install this update for those customers.
Customers using the Microsoft Store for Business and Microsoft Store for Education can get this update through their organizations.
App package versions 7.2307.27042.0 and later contain this update.
You can check the package version in PowerShell:
Get-AppxPackage -Name Microsoft.Microsoft3DViewer

What component is affected by this vulnerability?
This vulnerability affects FBX component used within the 3D Viewer product.

Security updates
7.2306.12012.0 — https://www.microsoft.com/en-us/p/3d-viewer/9nblggh42ths?activetab=pivot:overviewtab