We provide a physically meaningful picture of the nature of the ground state of the ${\text{Cr}}_{8}\text{Ni}$ compound in the regime where it is a spin singlet. According to this picture, the anisotropy of the Ni atom in the Cr ring induces a dimerization in the molecule that makes the ground state to stabilize in a valence bond solid phase of virtual spins. We characterize rigorously this phase by means of a particular nonlocal order parameter that denoted the generalized string order parameter. In the completely antiferromagnetic regime, the system becomes frustrated. We have performed a numerical real-time evolution study of the correlations between the spin of the Ni impurity and the rest of the spins in order to show the reaction of the system under this frustration.