Step 1: Understanding the Question:
We are given an equation containing inverse trigonometric functions. We need to solve for $x$ within the standard principal value branch.
Step 2: Key Formula or Approach:
We use the double-angle formula for the inverse tangent function:
$$2 \tan^{-1}(\theta) = \tan^{-1}\left(\frac{2\theta}{1 - \theta^2}\right)$$
By substituting $\theta = \cos x$, we can drop the inverse tangent function from both sides of the equation and convert it into a standard trigonometric equation.
Step 3: Detailed Explanation:
Apply the double-angle identity to the left side of our equation:
$$\tan^{-1}\left(\frac{2\cos x}{1 - \cos^2 x}\right) = \tan^{-1}(2\csc x)$$
Now apply the tangent function to both sides to remove the inverse tangent blocks:
$$\frac{2\cos x}{1 - \cos^2 x} = 2\csc x$$
Using the fundamental identity $1 - \cos^2 x = \sin^2 x$ and rewriting $\csc x = \frac{1}{\sin x}$:
$$\frac{2\cos x}{\sin^2 x} = \frac{2}{\sin x}$$
Divide both sides by 2 and multiply by $\sin^2 x$ (assuming $\sin x \neq 0$):
$$\cos x = \frac{\sin^2 x}{\sin x}$$
$$\cos x = \sin x$$
Divide by $\cos x$ on both sides to convert the expression into a tangent form:
$$\tan x = 1$$
The principal value satisfying this equation within the standard domain is:
$$x = \frac{\pi}{4}$$
Step 4: Final Answer:
The value of $x$ is $\frac{\pi}{4}$, which corresponds to option (B).