Step 1: Series analysis.
We are asked to evaluate the sum of the series:
\[
S = \sum_{n=1}^{\infty} \tan^{-1} \left( \frac{2}{n^2} \right).
\]
This series involves the inverse tangent function, which is related to well-known series results. Specifically, the general approach to summing such series involves recognizing patterns or using known results for sums of arctangents.
Step 2: Using a known result.
The sum of this series is a known result from advanced series summation techniques, and it is found to converge to \( \frac{3\pi}{4} \), which corresponds to the value for \( S \).
Step 3: Conclusion.
Thus, the correct answer is (C) \( \frac{3\pi}{4} \).