The provided differential equation is identified as a first-order linear differential equation and is presented in the form:
\[(1 + x^2) \frac{dy}{dx} + y = e^{\tan^{-1}x}.\]To facilitate solving, the equation is rearranged into its standard form:
\[\frac{dy}{dx} + \frac{y}{1 + x^2} = \frac{e^{\tan^{-1}x}}{1 + x^2}.\]The integrating factor (IF) is calculated as:
\[IF = e^{\int \frac{1}{1+x^2} \, dx}= e^{\tan^{-1}x}.\]Multiplying the differential equation by the integrating factor yields:
\[e^{\tan^{-1}x}\left(\frac{dy}{dx} + \frac{y}{1 + x^2}\right) = \frac{e^{2\tan^{-1}x}}{1 + x^2}.\]This equation simplifies to the derivative of a product:
\[\frac{d}{dx}\left(ye^{\tan^{-1}x}\right) = \frac{e^{2\tan^{-1}x}}{1 + x^2}.\]Integration of both sides results in:
\[ye^{\tan^{-1}x} = \int \frac{e^{2\tan^{-1}x}}{1 + x^2} \, dx + C.\]The integral is evaluated by substituting \(t = \tan^{-1}x\), which implies \(\frac{dt}{dx} = \frac{1}{1+x^2}\) or \(dx = (1 + x^2) \, dt\). The integral then becomes:
\[\int e^{2t} \, dt = \frac{e^{2t}}{2} + C.\]Substituting back the original variable gives:
\[ye^{\tan^{-1}x} = \frac{e^{2\tan^{-1}x}}{2} + C.\]The initial condition \(y(1) = 0\) at \(x = 1\) is applied:
\[0 = \frac{e^{\pi/4}}{2} + C.\]Solving for C yields:
\[C = -\frac{e^{\pi/2}}{2}.\]Substituting the value of C back into the solution provides:
\[ye^{\tan^{-1}x} = \frac{e^{2\tan^{-1}x}}{2} - \frac{e^{\pi/2}}{2}.\]Solving for y gives the explicit solution:
\[y = \frac{e^{\tan^{-1}x}}{2} - \frac{e^{\tan^{-1}x-\pi/2}}{2}.\]To find \(y(0)\), substitute \(x = 0\):
\[y(0) = \frac{1}{2} - \frac{1}{2} e^{\pi/2}.\]Therefore, the value of \(y(0)\) is:
\( \frac{1}{2} \left( 1 - e^{\pi/2} \right) \)