Step 1: Recognizing the integral. The given integral: \[ I = \int_0^\pi \left( \frac{\sin x}{x} \right)^2 dx. \] This is a standard result in Fourier analysis.
Step 2: Evaluating the integral. Using the known result, \[ \int_0^\pi \left( \frac{\sin x}{x} \right)^2 dx = \frac{\pi}{2}. \]
Step 3: Selecting the correct option. Since \( I = \frac{\pi}{2} \), the correct answer is (C).