Nanoclusters are materials of paramount catalytic importance. Among various unique properties featured by nanoclusters, a pronounced relativistic effect can be a decisive parameter in governing their catalytic activity. A concise study delineating the role of relativistic effects in nanocluster catalysis is carried by investigating the oxygen reduction reaction (ORR) activity of a Pt-7 subnanometer cluster. Global optimization analysis shows the critical role of spin-orbit coupling (SOC) in regulating the relative stability between structural isomers of the cluster. An overall improved ORR adsorption energetics and differently scaled adsorption-induced structural changes are identified with SOC compared to a non-SOC scenario. Ab initio atomistic thermodynamics analysis predicted nearly identical phase diagrams with significant structural differences for high coverage oxygenated clusters under realistic conditions. Though inclusion of SOC does not bring about drastic changes in the overall catalytic activity of the cluster, it is having a crucial role in governing the rate-determining step, transition-state configuration, and energetics of elementary reaction pathways. Furthermore, a statistical ensemble-based approach illustrates the strong contribution of low-energy local minimum structural isomers to the total ORR activity, which is significantly scaled up along the activity improving direction within the SOC framework. The study provides critical insights toward the importance of relativistic effects in determining various catalytic activity relevant features of nanoclusters.