During apoptosis, Caspase 7 is activated by initiator caspases such as Caspase 8 and Caspase 9. Once activated, Caspase 7 cleaves various cellular proteins, leading to morphological changes like chromatin condensation, DNA fragmentation, and formation of apoptotic bodies. This execution phase is crucial for the orderly dismantling of the cell, ensuring that the intracellular contents do not spill out and cause inflammatory responses.