Step 1: Convert the term into tangent inverse form.
We know that
\[
\cot^{-1}x=\tan^{-1}\left(\frac{1}{x}\right)
\]
So,
\[
\cot^{-1}\left(r^2+\frac{3}{4}\right)
=
\tan^{-1}\left(\frac{1}{r^2+\frac{3}{4}}\right)
\]
\[
=
\tan^{-1}\left(\frac{4}{4r^2+3}\right)
\]
Step 2: Express the term as a telescopic difference.
Observe that
\[
\tan^{-1}\left(\frac{1}{r-\frac{1}{2}}\right)
-
\tan^{-1}\left(\frac{1}{r+\frac{1}{2}}\right)
\]
Using
\[
\tan^{-1}a-\tan^{-1}b=\tan^{-1}\left(\frac{a-b}{1+ab}\right)
\]
we get
\[
\frac{\frac{1}{r-\frac{1}{2}}-\frac{1}{r+\frac{1}{2}}}{1+\frac{1}{\left(r-\frac{1}{2}\right)\left(r+\frac{1}{2}\right)}}
\]
\[
=
\frac{\frac{1}{r^2-\frac{1}{4}}}{1+\frac{1}{r^2-\frac{1}{4}}}
\]
\[
=
\frac{1}{r^2+\frac{3}{4}}
\]
Hence,
\[
\cot^{-1}\left(r^2+\frac{3}{4}\right)
=
\tan^{-1}\left(\frac{1}{r-\frac{1}{2}}\right)
-
\tan^{-1}\left(\frac{1}{r+\frac{1}{2}}\right)
\]
Step 3: Apply telescoping sum.
Therefore,
\[
\sum_{r=1}^{n}\cot^{-1}\left(r^2+\frac{3}{4}\right)
\]
\[
=
\sum_{r=1}^{n}
\left[
\tan^{-1}\left(\frac{1}{r-\frac{1}{2}}\right)
-
\tan^{-1}\left(\frac{1}{r+\frac{1}{2}}\right)
\right]
\]
The terms cancel successively, giving
\[
=
\tan^{-1}2-\tan^{-1}\left(\frac{1}{n+\frac{1}{2}}\right)
\]
Step 4: Take the limit.
As
\[
n\to \infty,
\]
we have
\[
\frac{1}{n+\frac{1}{2}}\to 0
\]
So,
\[
\tan^{-1}\left(\frac{1}{n+\frac{1}{2}}\right)\to 0
\]
Hence,
\[
\lim_{n\to \infty}\sum_{r=1}^{n}\cot^{-1}\left(r^2+\frac{3}{4}\right)
=
\tan^{-1}2
\]
Step 5: Final conclusion.
Therefore,
\[
\boxed{\tan^{-1}2}
\]